Our forthcoming book is The Comeback: The 2024 Elections and American Politics. It notes that neither candidate talked a lot about specific deficit reduction plans.
Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.
Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.
The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.
“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
While Republicans have traditionally agitated for less government spending, Mr. Trump has displayed a laissez-faire attitude toward cutting costs and proposed a number of policies that would actually increase the nation’s debt.
Some Republicans have privately made it clear that they’d rather not include some of Mr. Trump’s most expensive proposals in the legislation, especially as they battle concerns from hard-right Republicans that the bill will cost too much.
But Mr. Trump has personally been lobbying lawmakers on some of the issues he campaigned on. In a private meeting with Republican congressional leaders in the Cabinet Room at the White House on Wednesday, he urged them to implement his campaign promise to eliminate taxes on tips.
He told them repeatedly that he saw the move as a winning issue, according to two people familiar with his comments who were not authorized to discuss the private meeting.
Of the suite of tax cuts Mr. Trump proposed during the campaign, terminating taxes on tips has gained the most traction on Capitol Hill. The idea won bipartisan support during the campaign, and Republican aides are working on legislation that would translate the “no tax on tips” slogan into policy that won’t kick off a gold rush of tax avoidance.
There are several other promises Republicans would rather avoid. Free traders on Capitol Hill have particularly bristled at Mr. Trump’s vows to enact across-the-board tariffs. While the president has the authority to unilaterally impose tariffs, some Republicans have studied the possibility of imposing tariffs through law — an idea that quickly proved unpopular within the party.
