As a result, Trump would not want to let the economy remain on its current pathetic growth path that leaves large parts of the electorate under-employed, as that would make him an easy target for such a populist. Therefore, a "dash for growth" looks like the best bet, but it will certainly be biased towards tax cuts and "tax expenditures" (achieving the same objective as spending by creating targeted tax credits). It seems likely that the Republicans will rely on "trickle down" economics, but we could also see some "infrastructure Keynesianism" (possibly packaged as "public-private partnerships"). As in the 1960s and 1970s, such non-targeted fiscal stimulus would probably raise inflation before it reduces underemployment.
The obvious objection to my scenario is that the Republican Party contains a great number of balanced budget advocates. My view is that the Republicans are greatly in favour of balanced budget amendments when the President is a Democrat, not so much during Republican administrations.…Bond Economics
The Macro Implications Of The Trump Presidency