Trump’s tax plan: A boost to the economy?
Question: Would President Trump’s tax plan boost the economy?
Bob’s Answer: YES
While there are some changes that must be made to the draft, individual tax rates would be simplified and corporations would see their top tax rate cut from 35 percent to 20 percent, allowing for more investment. Repatriation of funds will act as a stimulus as billions of dollars are sitting idle offshore.
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This enables the economy to grow closer to 3 percent versus below 2 percent during most of this decade.
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