Trump's $3.4 Trillion Tax Cut: Why Goldman Sachs Is Sounding the Alarm
Key Points
- Trump signed a $3.4 trillion tax cut on July 4th, significan...
President Trump picked July 4th to sign his latest tax-cut bonanza, because apparently nothing says "independence" like adding $3.4 trillion to the national debt over the next decade. While Americans were grilling burgers, Congress was busy cooking the books with a spending bill that makes your credit card debt look like pocket change.
The star of this fiscal fireworks show? An extension of Trump's 2017 tax cuts, which originally promised to stimulate the economy but somehow ended up stimulating mostly the bank accounts of people who already had stimulated bank accounts. The House squeaked th...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.