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Crypto Hyper_Kalwal
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word of the day is BULL
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Crypto Hyper_Kalwal
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#WORDOFTHEDAY✅ BULL
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#TrumpTaxCuts Corporate side: The permanent cut to 21% made U.S. corporate taxes more competitive globally, but it also led to a spike in stock buybacks rather than major increases in wages or investment, which critics argue muted broader economic benefits. Individual side: While most people saw tax cuts initially, the design of the law (especially the cap on SALT deductions) hurt some higher-income households in high-tax states. Plus, because many of the individual cuts expire after 2025, taxes could rise again for many unless Congress acts. Deficit: Estimates, including from the Congressional Budget Office (CBO), show the TCJA added about $1.5 trillion to the federal debt over 10 years, even when accounting for some increased growth.
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#TrumptaxCuts Corporate side: The permanent cut to 21% made U.S. corporate taxes more competitive globally, but it also led to a spike in stock buybacks rather than major increases in wages or investment, which critics argue muted broader economic benefits. Individual side: While most people saw tax cuts initially, the design of the law (especially the cap on SALT deductions) hurt some higher-income households in high-tax states. Plus, because many of the individual cuts expire after 2025, taxes could rise again for many unless Congress acts. Deficit: Estimates, including from the Congressional Budget Office (CBO), show the TCJA added about $1.5 trillion to the federal debt over 10 years, even when accounting for some increased growth. Long-term growth: Initial growth in 2018 looked strong (around 2.9%), but economists generally believe the TCJA had only a modest or short-lived impact on GDP growth, and it didn't "pay for itself" through growth as some advocates hoped.#TrumptaxCuts
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