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.
2018-01-03 08:38:00 Wednesday ET
President Trump targets Amazon in his call for U.S. Postal Service to charge high delivery prices on the ecommerce giant. Trump picks another fight with an
2019-12-07 11:30:00 Saturday ET
China turns on its 5G telecom networks in the hot pursuit of global tech supremacy. China Telecom, China Unicom, and China Mobile disclose 5G fees of $18-$2
2023-05-28 10:24:00 Sunday ET
Thomas Piketty connects the dots between economic growth and inequality worldwide with long-term global empirical evidence. Thomas Piketty (2017) &nbs
2018-04-20 10:38:00 Friday ET
Allianz chairman Mohamed El-Erian bolsters a new American economic paradigm in lieu of the Washington consensus. The latter dominates the old school of thou
2023-02-21 08:27:00 Tuesday ET
Mark Granovetter follows the key principles of modern economic sociology to analyze social relations and economic phenomena. Mark Granovetter (2017) &
2024-03-26 09:30:00 Tuesday ET
Stock Synopsis: ESG value and momentum stock market portfolio strategies Since 2013, we have been delving into the broad topics of ESG (Environmental, So