Would you be willing to expand upon the thought that a repeat/expansion of tax cuts will increase demand? It would seem that if this round of cuts mirror the TCJA that the vast majority of savings will go to corporations/the ultra-wealthy which, I would expect, would result in asset inflation (equities, etc.) rather than general inflation since an additional dollar sent to the ultra-wealthy results in much lower velocity than the same dollar sent to those earning sub-$100k/yr. Reviews of the TCJA generally found that it had minimal, if any, effect on economic growth.
Would you be willing to expand upon the thought that a repeat/expansion of tax cuts will increase demand? It would seem that if this round of cuts mirror the TCJA that the vast majority of savings will go to corporations/the ultra-wealthy which, I would expect, would result in asset inflation (equities, etc.) rather than general inflation since an additional dollar sent to the ultra-wealthy results in much lower velocity than the same dollar sent to those earning sub-$100k/yr. Reviews of the TCJA generally found that it had minimal, if any, effect on economic growth.