Economists have warned us about Trump’s tax plan. Too bad Congress isn’t listening

A hung parliament could lead to a Greek-style financial crisis, business leaders and economists have warned. tax cuts. Neil Mackinnon, of VTB Capital, an investment group, said: We have a budget.

Trump’s Tax Plan Is Brilliant Politics and Even Better Economics. Under Trump’s plan, taxes on corporate profits go from 35% to 15%. They should be zero (like the Bahamas), but this is a good start. Taxes on capital gains go from 23.8% to 20%. Again, it should be zero (as with New Zealand), but it is a start.

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Donald Trump’s revised tax plan, compared against his initial proposal, would increase tax rates across all income levels. | AP Photo Economists revising Trump’s plan could make more people pay taxes

Trump’s Tax Plan is Brilliant Politics and Even Better Economics If you want jobs, rising wages, and economic growth, you have to stop the war on capital. Trump’s tax plan does just that.

One thing economists hate about Trump’s tax plan. Like other analysts, the UBS team thinks it’s possible Congress will cut the corporate tax rate from the current level of 35% to 25% or so-but not to 15%, as Trump wants. The Trump rally, it seems, has morphed into the Trump discount.

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THE FACTS: It isn’t. For months Trump has refused to recognize larger tax cuts in history, of which there have been many, or to grant that other presidents have enacted big tax cuts since Ronald.

It’s not about agenda. Trump’s plan has lots of things right-wing economists have asked for. The problem is that it bundles all of them in a manner that is impossible. Even right-wing economists have criticized the plan. You can’t cut taxes and increase spending. It’s just wishful thinking. It’s not like everything in Trump’s plan is bad.

Independent economists on why they aren’t buying Trump’s tax plan promise. The report suggests that the president will use the "$4,000 pay raise," as he called it in a speech in Pennsylvania last week, as the central argument for the plan. The plan is heavily supported by GOP leadership like house speaker paul ryan, R-Wis.,

Your financial planner: What the Fed’s interest rate policy means for you It seems that the talking-heads on TV and the print media pundits have turned their focus in earnest toward the Federal Reserve. This is due primarily to the fact that on Wednesday the Federal Open Market Committee (FOMC), which directs U.S. monetary policy, will wrap up its July meeting.Indian Land could get 335 more jobs due to expansion of home decor distributor US consumer credit for April $17.497 billion versus $13 billion estimate The series for consumer credit outstanding and its components may contain breaks that result from discontinuities in source data. Percent changes are adjusted to exclude the effect of such breaks. In addition, percent changes are at a simple annual rate and are calculated from unrounded data.fort mill-based home decor distributor unique loom plans to expand to Indian Land, creating 245 new jobs over four years, said Jamie Gilbert, Lancaster County’s economic development director. The move will also allow the home design hub to move another 90 jobs from Fort Mill, for a total of 335 jobs for the Indian Land location.

Trump’s Tax Plan Is Brilliant Politics and Even Better Economics. Too bad. This should change. But it is both economically stupid and morally unsound to attempt to balance the budget on the.