2018-10-21 14:40:00 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
President Trump floats generous 10% tax cuts for the U.S. middle class ahead of the November 2018 mid-term elections. Republican senators, congressmen, and congresswomen can propose massive tax cuts for middle-income Americans. This time may be a bit different, and President Trump expects the tax bill to go through Congress but not an executive order. The Trump administration suggests that the legislative vote will likely take place soon after the mid-term elections. The strategic move boosts confidence in the Republican lawmakers who can continue to control Congress. Treasury Secretary Steven Mnuchin cannot offer details on the middle-income tax brackets that can experience lower effective tax rates. This tax bill may add to the prior $1.5 trillion tax cuts and $779 billion fiscal deficits.
Republican leaders and senators emphasize that this tax bill will finance itself with better real GDP economic growth in the healthy upper range of 3%-4%. The Trump administration can offset these new tax cuts with lower government expenditures in Medicare, Medicaid, and social security. Alternatively, the Trump administration can raise effective tax rates for most rich Americans in the top 1% socioeconomic echelon to partially offset the new tax cuts for the U.S. middle-class.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-11-11 09:36:00 Monday ET
Apple upstream semiconductor chipmaker TSMC boosts capital expenditures to $15 billion with almost 10% revenue growth by December 2019. Due to high global d
2017-12-09 08:37:00 Saturday ET
Michael Bloomberg, former NYC mayor and media entrepreneur, criticizes that the Trump administration's tax reform is a trillion dollar blunder because i
2025-08-09 11:31:00 Saturday ET
Wharton e-commerce entrepreneurship professor Dr Karl Ulrich explains that many top-notch universities now provide massive open online courses (MOOCs) for m
2019-01-07 18:42:00 Monday ET
Neoliberal public choice continues to spin national taxation and several other forms of government intervention. The key post-crisis consensus focuses on go
2027-01-31 12:25:00 Sunday ET
In recent decades, many governments have chosen to run high fiscal deficits on top of sovereign debt mountains so that greater government intervention still
2023-02-03 08:27:00 Friday ET
Our proprietary alpha investment model outperforms most stock market indices from 2017 to 2023. Our proprietary alpha investment model outperforms the ma