Trump’s Proposed Tax Cuts

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President Trump has proposed the largest tax cut in US history. Bloomberg estimates the size from $5 to $11 trillion  

Bloomberg headline Trump’s proposed tax cuts

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The market reaction has not been pretty.

Market reaction Trump’s proposed tax cuts

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Higher inflation,  higher interest rates coming soon. And don’t get me started on the debt. Economic disaster looming.

 

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.