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Give it a year. Maybe less.
Stocks are at record highs.
GDP has expanded to 3%.
Unemployment lowest in 16 years.
Incomes on the rise.
Tax cuts will give a boost to growth.
Strategist saysStocks are at record highs.
GDP has expanded to 3%.
Unemployment lowest in 16 years.
Incomes on the rise.
Sounds exactly like 2007 or 1929.
Tax cuts will give a boost to growth.
We all hate something about Trump, but he’s restored confidence where it was needed.
You mean like getting rid of mortgage deduction over 500K for new buyers in California who need it most
We all hate something about Trump, but he’s restored confidence where it was needed.
Right now we need a President who can solve our most important problems... North Korea, Islam, and the economy. And Trump is our man.
Tax cuts will give a boost to growth.
Strategist saysTax cuts will give a boost to growth.
Except they are going to the uber rich rather than the middle class.
Strategist saysRight now we need a President who can solve our most important problems... North Korea, Islam, and the economy. And Trump is our man.
The tax rewrite will be tailored to leave more to people who don't need it. It's certainly not going to help spending.
At the very least he could wait the recession to start digging the deficit hole.
What about the working poor who do not itemize? Doubling the standard deduction makes their wallets fatter.
A tax cut during lethargic growth, that we have today, will also benefit the economy.
Doubling the standard deduction makes their wallets fatter.
What percentage of the population are in this 1% of income versus the middle class? Let's see you post this "needle" versus the "haystack" statistic.
You mean like getting rid of mortgage deduction over 500K for new buyers in California who need it most.
OK, you have a good point here. Tax cuts during a recession are more beneficial to the economy. A tax cut during lethargic growth, that we have today, will also benefit the economy.
Strategist saysOK, you have a good point here. Tax cuts during a recession are more beneficial to the economy. A tax cut during lethargic growth, that we have today, will also benefit the economy.
Wasn't the latest GDP at 3%?
There is a notion of potential growth. If you try to grow faster, you create inflation, the fed come in raise rates and kill the cycle.
Thus paradoxically, a tax cut now will only hasten the recession.
It will also raise taxes on the "ultra rich" (as Joey calls them) with a new HIGHER tax bracket.
Here's some "education" for you, not that you'll read it, since it's not on WaPo.
https://www.marketwatch.com/story/how-the-gop-tax-bill-will-impact-middle-class-and-wealthy-taxpayers-2017-11-03
#investing