2017-10-15 07:38:00 Sun ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
Ivanka Trump and Treasury Secretary Steven Mnuchin both press the case for GOP tax legislation as economic relief for the middle-class without substantial tax cuts to wealthy Americans.
In addition to this positive portrayal, Adam Looney, a senior fellow at Brookings Tax Policy Center, analyzes the pros and cons of the current tax overhaul plan:
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President Trump forces the Federal Reserve to normalize the current interest rate hike to signal its own monetary policy independence from the White House.