#TrumpTaxCuts
Positives:
The company receives a large cut: Corporate tax rates drop from 35% to 21%. This boosts corporate profits and stock prices.
Short-term stimulus: Many people receive tax cuts, so consumption rises temporarily.
Repatriation of foreign money: Companies like Apple bring back large funds from outside the US due to lighter tax rates.
Negatives:
Federal deficit rises sharply: The government loses trillions of dollars in revenue.
Benefits mainly to the wealthy and corporations: The lower middle class receives little, and their tax cuts will expire (unless extended).
Long-term growth is not significant: Many studies say the impact on GDP is only temporary.
Positives:
The company receives a large cut: Corporate tax rates drop from 35% to 21%. This boosts corporate profits and stock prices.
Short-term stimulus: Many people receive tax cuts, so consumption rises temporarily.
Repatriation of foreign money: Companies like Apple bring back large funds from outside the US due to lighter tax rates.
Negatives:
Federal deficit rises sharply: The government loses trillions of dollars in revenue.
Benefits mainly to the wealthy and corporations: The lower middle class receives little, and their tax cuts will expire (unless extended).
Long-term growth is not significant: Many studies say the impact on GDP is only temporary.