2017-04-13 10:42:00 Thu 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
President Donald Trump unveils the dramatic *tax overhaul proposal*.
More importantly, Trump designs a tax holiday for multinational corporations to repatriate hundreds of billions of offshore cash per year to boost *America First* high-skill job creation, robotic manufacturing automation, tech-savvy innovation, capital investment, and macroeconomic growth.
This alternative territorial system is conducive to promoting better stock market performance and economic growth. Although the current Trump tax proposal may result in a fiscal budget deficit of $6 trillion in the next decade, stock market investors and financial institutions such as banks and mutual funds welcome this pro-business tax reform from the Trump administration. The resultant tax incentives can favorably bless the American stock market.
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Modern themes and insights in behavioral finance Shiller, R.J. (2003). From efficient markets theory to behavioral finance. Journal of Economi