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.
2019-03-27 11:28:00 Wednesday ET
OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020. The global economy suffers from economic protraction
2025-10-04 13:37:00 Saturday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2025-05-29 08:25:28 Thursday ET
Serial venture capitalist Ben Horowitz describes many hard truths, lessons, and insights from his entrepreneurial journey of running LoudCloud from a Silico
2019-11-19 09:33:00 Tuesday ET
American unemployment declines to the 50-year historical low level of 3.5% with moderate job growth. Despite a sharp slowdown in U.S. services and utilities
2022-02-22 09:30:00 Tuesday ET
The global asset management industry is central to modern capitalism. Mutual funds, pension funds, sovereign wealth funds, endowment trusts, and asset ma
2017-08-31 09:36:00 Thursday ET
The Trump administration has initiated a new investigation into China's abuse of American intellectual property under Section 301 of the Trade Act of 19