Bloomberg (February 6)
“Just a few weeks ago, Wall Street analysts were busy boosting their economic forecasts on the expectation that President Trump would implement sweeping corporate-tax reform, a rollback of regulations, and new fiscal stimulus.” After seeing the first two weeks of the Trump Presidency, the analysts are having second thoughts. Their forecasts are now poised for “a rethink, if not an outright reversal.”
Tags: Analysts, Expectation, Forecasts, Regulations, Rethink, Reversal, Second thoughts, Stimulus, Tax reform, Trump, Wall Street
Financial Times (April 17)
To close its budget shortfall, America needs to tackle tax reform. Tax simplification could eliminate “the lunatic complexity of the US tax code” and provide a “free lunch” to a nation stretched for dollars. “Gradually eliminating tax exemptions for mortgage interest, employer-provided healthcare, and myriad other expenditures…would raise so much money that tax rates could be deeply cut even as revenues were increased.”
Tags: Budget, Revenue, Tax reform, Taxes, U.S.
