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US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy | AI Tool Hub

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The Guardian

October 11, 2026

US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy

By AI Tool Hub Analyst

"‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’ Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers. The promise never really panned out. From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a"

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This analysis is based on reporting originally published by The Guardian.

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