Question: Do you think the economy will grow fast enough so that increases in US GDP and US tax revenues on that spending will compensate for the decrease in taxes? Or are you more concerned about rising interest rates threatening the US economic expansion, and a growing US federal debt? Defend your position with economic theory and data. Consider the Phillips Curve. Consider the expected changes in inflation and/or unemployment and who would be impacted by those changes (for example, borrowers, lenders, the unemployed, retirees on pensions, young workers, those nearing retirement). Use current economic data from the Bureau of Labor Statistics, the Census Bureau, the Federal Reserve, etc., and cite your sources.