US Budget Deficit Will Lead To A 30% Market CrashRupert Hargreaves
According to CNBC, there’s a ‘$2 trillion’ mystery in the Trump administration’s budget. This ‘mystery’ is a windfall $2 trillion in additional tax revenue that policymakers believe will materialize thanks to the budget’s proposed tax cuts. By using a process called “dynamic scoring” officials estimate Trump’s proposed cuts will lead to sustained economic growth of 3% per annum, generating as much as $2 trillion in extra tax revenue over the next decade.
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