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....He said the spending plan was "simply ludicrous". The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". ... [Read full article on BBC ]
Wednesday 24th of May 2017 05:46:23 PM
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....2% in 2016 (Europe’s fastest growth rate) and with another 3. 5% expected this year, there is widespread anticipation of personal tax cuts to come. ... [Read full article on Guardian ]
Saturday 27th of May 2017 06:00:20 AM
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Latest Finance News related to Tax Cut

White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....He said the spending plan was "simply ludicrous". The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
.... My premiums rose every year, and soon health insurance was my second highest personal expenditure after rent. Politicians gave lip service to tax cuts and programs for the “middle class,” but never seemed to mention the “working class. ...
Dow Jones falls more than 370 points as Trump controversy rattles markets image
....The slump came after the White House was forced to deny reports on Tuesday that Trump had allegedly made a personal appeal to the now fired FBI director, James Comey, to drop the bureau’s investigation into the former national security adviser Michael Flynn. Despite the denial, the latest political drama weighed on markets, stoking concerns over how the potential fallout may affect the Trump administration’s ability to pass corporate tax cuts and other business-friendly reforms. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
....". "While the Conservatives focus on giving tax cuts to giant corporations, our focus is on small businesses seeking to grow. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
.... Those proposals, which were not included in last week’s leaked draft manifesto, will be published in a separate document. Money for a series of giveaways will come from reversing corporation tax and inheritance tax cuts and a proposal to hit City transactions with a “Robin Hood tax”. ...
Australia budget 2017: Treasurer unveils big banks tax image
Source : BBC [Read Article] Tuesday 9th of May 2017 12:13:11 PM
....Infrastructure projects, health and housing affordability were also high on the government's agenda. The main opposition Labor party accused him of using a healthcare levy increase to fund tax cuts for big business. ...
Federal budget 2017: the 10 graphs you need to see | Greg Jericho image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:39:56 AM
.... Yes such people will now be paying an extra 0. 5% points on the Medicare levy, but so will most other taxpayers, and no one else is getting an income tax cut to more than offset the impact. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
.... Willem Buiter, one of the original interest-rate setters from 1997, says central banks should “stick to their knitting” and confine themselves to setting interest rates and acting as a lender of last resort. At the other end of the spectrum, Adair Turner has argued that in certain circumstances the government should instruct the Bank to print money for public spending or tax cuts. ...
UK needs £15bn in cuts or tax rises to clear deficit by 2022, says IFS image
....“The deficit is now roughly back to the level it was prior to the financial crisis, although is still above its long-run average. On the tax side, the impact on the public finances of substantial tax cuts has been more than outweighed by tax raising measures,” said Carl Emmerson, deputy director of the IFS and author of the report. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....Donald Trump repeatedly attacked the weak GDP rates during the campaign as an example of the Obama administration’s failed economic policies. He said his program of tax cuts for individuals and businesses, deregulation and tougher enforcement of trade agreements would double growth to 4% or better. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....". Just two days ago, as they released President Trump's proposals for large tax cuts, his Treasury Secretary, Steven Mnuchin, and his National Economic Director, Gary Cohn, were boasting that an annual GDP growth rate of 3% and above was possible. ...
Nasdaq surge expected to continue after strong Alphabet and Amazon results image
.... But after-the-bell figures from the industry’s giants looked set to take it even higher when trading resumes on Friday. With shares already buoyant on the hopes of huge corporate tax cuts by the Trump administration, the impressive earnings helped Wall Street brush aside any concerns about a possible US government shutdown amid continued congressional wrangling. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
.... Pensioner households are mostly protected from future benefit cuts. Tom Waters, a research economist at the IFS, said: “As suggested by the 2015 Conservative manifesto, the government have announced income tax cuts that mostly benefit middle- and higher-income households and working-age benefit cuts that mostly hit lower-income households. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
. US markets slid at the close after the Trump administration outlined its tax cut plan. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
. The Trump administration unveiled what it called the biggest tax cuts “in history” on Wednesday, in a move that will simplify the US tax system, slash taxes for businesses large and small – including Trump’s own – eliminate inheritance taxes and set the president on a collision course with Congress over the likely $2tn-plus cost of the proposal. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Hardly any media pointed out the effect this will have on increasing inequality via property, mainly because the vast majority of homeowners are quite happy to go along with it. Jeremy Corbyn says the Labour party would fund a £10-a-week rise to the carer’s allowance by reversing this inheritance tax cut, but how many potential Labour voters who are also homeowners will support this? Where is our sense of social justice?Mary Ann HooperWirksworth, Derbyshire. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....But Mr Mnuchin said the tax plan would pay for itself "through growth, through deductions and closing loopholes". Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....Meanwhile the MSCI World Index, which measures performance across 23 developed country equity markets, hit a record high for the second day running. Joshua Mahony, a market analyst at IG, said: “US markets are leading the way higher, as the excitement over Donald Trump’s corporate tax cuts takes the mantle from the French elections . ...
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....“When the super-rich are paying less in taxes than their cleaners, you know something has gone disastrously wrong with our broken, regressive tax system,” said Wanda Wyporska, the executive director of the Equality Trust. “Time after time we see sensible reforms attacked and rejected in favour of tax cuts for billionaires. ...
What does the business world make of Trump 100 days in? The jury is still out image
....”. But even more than tax cuts and deregulation, business likes certainty and here Trump’s first 100 days suggest business is out of luck. ...
Nasdaq hits new high on tax cut hopes image
Source : BBC [Read Article] Thursday 20th of April 2017 11:46:41 PM
. Wall Street bounced back on Thursday, with the Nasdaq hitting a new record high on revived hopes about US tax cuts under Donald Trump. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
....Ms Lagarde has been waiting to discover exactly what Mr Trump plans for her organisation. The lack of action so far signifies very little because the administration has had other things – repeal of Obamacare, a package of tax cuts, Syria and North Korea – on its mind. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... If he was genuinely a fiscal-rectitude iron chancellor, he would have pursued that goal. Instead, he gave out a mammoth £40bn in tax cuts to business and the better-off, in needless capital gains cuts and in this month’s new £1m inheritance tax threshold. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
.... This year it is £11,500. That has clearly risen considerably faster than inflation, so for people paying the basic rate of income tax there has been a tax cut, while a higher proportion of low earners are not paying income tax at all. ...
Tesco to save £105m in business rates after property revaluation image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:12:13 PM
....In Southwold, the coastal town’s property boom forced rateable values up by 152%, with some shop owner’s saying the hike threatened the viability of their business. Meanwhile, it emerged that online retailers such as Amazon, Shop Direct and Asos were enjoying tax cuts after the bills for their distribution centres declined. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... The BAT does not have enough support even among Republicans, and it would violate World Trade Organisation rules. The Republicans’ proposed tax cuts would create a $2tn revenue shortfall over the next decade, and they cannot plug that hole with revenue savings from their healthcare reform plan or with the $1. ...
The Guardian view on rising personal debt: more prudence please | Editorial image
.... A growing number of low-income families face a grim mix of stagnant wages, increasing inflation and huge cuts to tax credits and benefits in the coming years, which will force growing numbers of people towards unsustainable debt. The most significant thing the government could do would be to reverse the unnecessary and expensive tax cuts it has planned for businesses and more affluent families, and use the proceeds to cushion the blow of its unfair and unwarranted cuts to benefits and tax credits. ...
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
. In the run-up to the May budget each year, the talk is often about tax cuts and welfare cuts, or general hubbub about the budget balance. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
....Mr Trump had promised during his election campaign to relax rules on big banks, and subsequently ordered a review of the industry's regulations. Michelle Fleury, the BBC's New York business correspondent, says Republican policymakers are trying to see how they can pay for tax cuts. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
.... It is expected to save £1bn a year for the Treasury by 2021. Also coming this week is a freeze to working age benefit levels at a time when, according to the Resolution Foundation, the wealthiest will benefit from over £2bn a year in income tax cuts. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The richest will reap 80% of the rewards from the tax and benefit changes that start to come into effect this week, while the poorest will become worse off, according to detailed analysis by the Resolution Foundation. The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones. ...
US fourth-quarter growth rate revised up image
Source : BBC [Read Article] Thursday 30th of March 2017 12:51:24 PM
....6% - the slowest since 2011. The sluggish growth will make it more difficult for President Donald Trump to meet his pledge to lift GDP growth to 4%, through tax cuts and infrastructure spending. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....But as do footy coaches, treasurers also have to deal with armchair experts – those who played in years past and who still think the old ways are the best. Morrison has no shortage of advice from those on his side of politics such as former Howard government adviser, Niki Savva, who this week suggested the way to tackle housing affordability was to dump the $40bn worth of company tax cuts and instead cut income taxes. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....72. Markets have become increasingly impatient with the new Trump administration for failing to follow through on pledges to use a package of tax cuts and infrastructure spending to raise the US growth rate. ...
Asian shares drop as investors fear Trump won't deliver on promises image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:59 AM
....7% fall in the FTSE100 when it opens. Investors view the Trump administration’s struggles to push through its healthcare overhaul through congress as a bad omen for promised tax cuts. ...
Wall Street suffers worst day this year image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:28:57 PM
. Wall Street suffered its worst day this year as investors fretted about whether President Donald Trump will be able to deliver promised tax cuts. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
.... Whether their doubts are vindicated will matter for both the US and the world economy. Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....Jeffrey Sachs, the director of the Sustainable Development Solutions Network, which published the report, said President Donald Trump's policies were likely to make things worse. "They are all aimed at increasing inequality - tax cuts at the top, throwing people off the healthcare rolls, cutting Meals on Wheels in order to raise military spending. ...
The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
....For the first few months after his election, Donald Trump was cast by many in the financial markets as the reincarnation of Ronald Reagan. His plans for deep and widespread tax cuts and a bonfire of regulations would, they said, spark a business renaissance akin to that credited to the stetson-wearing president who dominated the 1980s. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... Others still deliver, just not quite what the market expects, and the shares then lose their buzz. Wall Street has been buzzing because speculators reckon a combination of Trump tax cuts, plus big spending on infrastructure, will pump up the economy. ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
....The growing differential between US rates and those in Japan, the eurozone and the UK will lead to further support for the dollar unless the American economy shows signs of weakness. With Donald Trump planning tax cuts and spending increases, Wall Street currently sees that as unlikely. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... those would be very welcome changes that we would like to see," she said. Some economists think the next rate hike will be no earlier than June, given that the Fed probably wants time to assess the likelihood that Congress will pass Trump's ambitious program of tax cuts, deregulation and increased spending on infrastructure. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....“There isn’t much bleed over into mortgage rates; it’s mostly the short-term borrowers,” he said. Fed policymakers are known to be concerned that the tax cuts and extra government spending Trump has demanded could overheat the economy and lead to a deep recession. ...
Good riddance to the unfair NIC tax rise. Now what about that £2bn black hole? | John McDonnell image
.... Nor did it arrive with an improvement in the benefits and conditions offered to those in self-employment, which remain substantially worse than those in employment. And in the context of the government’s £70bn of tax cuts to corporations and the super-rich, hammering the self-employed was plainly unfair. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
....Setting aside concerns about Brexit and a string of potentially destabilising elections on the continent, Fed policymakers have judged that the strength of the economy is enough to override a series of rate rises, possibly taking the base rate to almost 2% by the end of next year. Consumers have embraced the Trump rhetoric of tax cuts and deregulation to continue spending, undeterred by the prospect of higher mortgage costs. ...
Trump is set to win the battle on interest rates, but US economy will pay the price image
....Treasury secretary Steve Mnuchin, like Trump, believes the administration is about to unleash an economic revolution that will spark rocketing growth without the inflationary pressures that spur interest rate rises. Mnuchin’s plans for tax cuts and infrastructure spending, far from increasing inflation alongside growth and forcing the Fed to raise rates further, are supposed to raise productivity, allowing supply to stay in synch with rising demand. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
.... The only weak spot was retailing. The new president has plans for a big package of tax cuts and spending increases but fiscal easing will mean more aggressive tightening from the Fed, which is already starting to fret about the risks of the economy overheating. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
....5% to 33%, is entirely consistent with mainstream Republican ideology, according to which high tax rates penalise success and stifle innovation. But, to be politically viable, significant tax cuts for the wealthy would have to be accompanied by at least token tax cuts for the middle class. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
....In March last year, the chancellor at the time, George Osborne, confirmed that Class 2 contributions would be abolished in April 2018. In other words, that means a tax cut of £146 a year for anyone who is self-employed and making profits of more than £5,965 a year. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
....As the University of California at Berkeley’s Alan Auerbach first pointed out, the border tax adjustment is a way to push back on under- and over-invoicing in a high-tax jurisdiction such as the US. So, all in all, even if a border adjustment tax does not directly make US goods more competitive, it is an efficient way to raise revenues, potentially making room for other tax cuts. ...
Philip Hammond keeps his powder dry with a 'boring' budget | Larry Elliott image
.... Instead, there was a focus on structural reforms to tackle two long-standing weaknesses: productivity and technical education. Given the government’s commanding lead in the opinion polls, only pronounced weakness in the economy would have forced Hammond to provide a major fiscal boost through tax cuts and spending increases. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Budget 2017: BBC editors make their predictions image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:35:23 AM
....As the UK heads towards Brexit, government finances look in unexpectedly good shape. But does that give the chancellor room for tax cuts or spending increases?. ...
Greece desperate for growth strategy as public mood darkens image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:54:18 PM
.... Last week, the Cologne Institute for Economic Research said poverty in thrice-bailed out Greece had jumped 40% between 2008 and 2015, by far the biggest leap of any European country. Tsipras has been told he will have to enforce labour market reforms and further pension and income tax cuts if Greece is to realistically achieve a primary surplus of 3. ...
Budget 2017: No 'spending sprees', Hammond warns image
Source : BBC [Read Article] Sunday 5th of March 2017 02:20:28 AM
....Also on the Marr show was Labour shadow chancellor John McDonnell, who said the National Living Wage should be increased to give workers a "pay rise". He said this, along with reversing changes to disability benefits and a cash injection for the NHS, could be funded by reversing £70bn in corporation, capital gains and inheritance tax cuts. ...
Sorry, Brexit doomsayers, the outlook is good on global growth image
Source : Guardian [Read Article] Saturday 4th of March 2017 05:00:20 PM
....They are betting that far-right groups in Europe will lose out to centre-right groupings and that the financial problems in Greece are ring-fenced; that the Chinese communist party will retain its grip on the economy to keep things moving forward; and that Russia will consider it too risky to encroach further into Ukraine. They also take a generous view of Donald Trump’s plans for tax cuts and infrastructure spending while dismissing his tub-thumping demands for a wall with Mexico and a trade war with almost anyone who wants to have a fight over tariffs. ...
More than half of new-build homes 'have major faults', plus the best city cycle schemes image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Tory £1bn inheritance tax cut ‘will worsen north-south divide’. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
.... Jimmy Carter tried, but immediately ran afoul of his party’s leadership in Congress – and subsequently struggled to get anything accomplished. For example, Congress turned his proposed tax cut for dividends into one for capital gains. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
. President Donald Trump has helped drive up stock markets on Wall Street and in London to new highs, after he promised corporate tax cuts and a spending splurge on infrastructure projects to boost the economy. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:19:22 AM
Top Republican says Trump's budget plan 'dead on arrival' image
Source : BBC [Read Article] Tuesday 28th of February 2017 11:09:20 PM
.... . Top-line items like tax cuts and healthcare reform will be heavy legislative lifts with a baulky conservative caucus in the House and a narrow Republican majority in the Senate, requiring presidential leadership of a kind not yet demonstrated by Mr Trump. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
. A £1bn Conservative inheritance tax cut will exacerbate the north-south divide, an MP has warned, as figures lay bare the winners and losers of a flagship government policy. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
.... It urges him to make it easier for firms to invest and to give them more reassurances about access to migrant workers after Brexit. It also urged the chancellor to rethink planned tax cuts and address Britain’s regional, generational and income divides. ...
Austerity anguish image
Source : BBC [Read Article] Sunday 26th of February 2017 01:54:38 AM
.... . They intend to push for a different framework for negotiations with their creditors where in future on direct concessions on pension reform would be balanced out by, for example, a possible tax cut. ...
Blair is right on Brexit: parliament must have a democratic debate | Anatole Kaletsky image
.... Because the leave campaign successfully combined a multitude of different grievances, May now claims the referendum as an open-ended mandate. Instead of arguing for controversial Conservative policies – including corporate tax cuts, deregulation, unpopular infrastructure projects and social security reforms – on their merits, May now portrays such policies as necessary conditions for a “successful Brexit”. ...
Trump's Treasury Secretary targets tax reform 'by August' image
Source : BBC [Read Article] Thursday 23rd of February 2017 05:37:58 PM
....In his first television interview, since taking office Mr Mnuchin told CNBC his priority was boosting growth. Mr Mnuchin said that tax cuts combined with deregulation would boost economic growth to 3% by the end of 2018. ...
Donald Trump, the master of unreality, must be resisted at every turn | Joseph Stiglitz image
.... Indeed US corporate leaders and investors have collectively become Trump’s enablers. At this year’s World Economic Forum meeting in Davos, many salivated over his promises of tax cuts and deregulation, while eagerly ignoring his bigotry – not mentioning it in a single meeting that I attended – and protectionism. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
.... American libertarians such as Charles Murray have long argued that a basic income could be used to do away with the welfare state altogether. In Britain, the way in which Conservative chancellors have steadily delivered tax cuts that disproportionately help more affluent families, while cutting the means-tested benefits relied on by those in the greatest financial need, should sound a note of caution. ...
A stock market crash is a way off, but this boom will turn to bust | Larry Elliott image
.... Hints from the Federal Reserve that it is contemplating another increase in US interest rates? An expression of confidence by America’s central bank in the health of the world’s biggest economy. Wall Street is also salivating at the prospect of nice fat tax cuts from Trump. ...
Trump presidency poses threat to global economy, warns Fitch image
Source : Guardian [Read Article] Friday 10th of February 2017 04:37:52 PM
....“The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....Another big bet is on a Trump-inspired spending spree by Congress on all manner of infrastructure projects, including the Mexican wall and on the military. This bet gets a steroid boost when traders add in the impact of huge tax cuts, albeit for the richest, trade tariffs on imports (protecting smaller US firms from competition) and a supposedly benign form of blackmail targeting major corporations that consider opening factories abroad (forcing them to locate inside the US). ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
.... This traditional Republican embrace of trickle-down supply-side economics will mostly favour corporations and wealthy individuals, while doing almost nothing to create jobs or raise blue-collar workers’ incomes. According to the non-partisan Tax Policy Center, almost half of the benefits from Trump’s proposed tax cuts would go to the top 1% of income earners. ...
US jobs growth in January is strongest since June, report finds image
Source : Guardian [Read Article] Wednesday 1st of February 2017 03:47:20 PM
....The economy has not grown at a healthy pace of 3% or more since 2005. Trump has pledged to lift growth to 4% and accelerate job creation, through tax cuts, deregulation and greater spending on infrastructure. ...

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