Big tax cuts should offset any tariff increases
He is on to something big that could cause an epic stock market recovery. It is a way to
bounce stocks back to life and boost growth while fulfilling his goal of freer and fairer trade. In other words, tariff revenue should be a major “pay for” in extending and expanding the tax cuts. It would obviate the need for any offsetting tax rate increases. If we were to raise, say, $500 billion from tariffs, that would pay for indexing the capital gains tax, the 15% made-in-America business tax and a reduction in the payroll tax.
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