citanon,
that's pretty easy. the GOP tax cut was badly designed, even if the standard for judgment is based upon conservative/supply-side principles. it's inefficient.
moreover, regarding the "unleashing of animal spirits in 2017", courtesy of the IMF:
don't see this extraordinary unleashing that you're referring to, in comparison to Obama's track record or to the other international markets.
i expect 2018 will be another bull year, given the existing fundamentals. the tax law will help incrementally, although of course not by nearly enough to pay for itself. the Tax Policy Center estimates that the law will increase the economy by 0.7% in 2018 relative to the CBO baseline.
Also, Trump is admittedly awful in some ways but I'm curious to ask what people more people think he could have done for the US economy.
Deregulation was huge for the business environment and unleashing of animal spirits in 2017 and tax reform is going to be huge this year.
Deregulation was huge for the business environment and unleashing of animal spirits in 2017 and tax reform is going to be huge this year.
moreover, regarding the "unleashing of animal spirits in 2017", courtesy of the IMF:
don't see this extraordinary unleashing that you're referring to, in comparison to Obama's track record or to the other international markets.
i expect 2018 will be another bull year, given the existing fundamentals. the tax law will help incrementally, although of course not by nearly enough to pay for itself. the Tax Policy Center estimates that the law will increase the economy by 0.7% in 2018 relative to the CBO baseline.
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