Brainard: Extending Tax Cuts Without Paying For Them Is Not Acceptable

Wires carrying comments from Director of the White House National Economic Council President, Lael Brainard, speaking on the economy at an event hosted by the Council on Foreign Relations.

• Per Reuters, Brainard said: "Inflationary expectations have proved to be much more strongly anchored today than they were in the 1970s."
• Brainard said the US economy could be "in a really good place" in 6-12 months if the right choices are made.
• Brainard said, "markets are projecting lower mortgage, car loan rates, which will help sustain recovery," [but] "need to have more bipartisan cooperation in congress on efforts such as creating more affordable housing."
• Brainard said on former President Donald Trump’s tax agenda: “Extending tax cuts without paying for them and boosting deficit by $5 trillion is not acceptable," adding that Americans strongly support 'fairer' tax system where ultra-wealthy and corporations pay more.
• The comments come as survey data suggests that voters are more likely to believe that Trump's agenda to cut taxes and raise tariffs is more likely to lower the deficit than Vice President Kamala Harris' more revenue-focused policy proposals.
• According to a new Reuters/Ipsos poll, voters credit Trump, "with being more likely to lower the $35 trillion national debt -- even though independent economic forecasters say his proposals would have the opposite effect."
• Reuters notes that 56% of registered voters said they were more likely to support a candidate backing a new 10% tariff, or tax, on all imports, as well as a 60% tariff on imports from China.