What Does This Mean To You?
The significant marginal tax rate cuts would boost incentives to work, save, and invest if interest rate do not change. The plan would reduce some tax distortions in the allocation of capital. However, increased government borrowing would push up interest rates and crowd out private investment, offsetting some or all of the plan's positive incentive effects. Offsetting a deficit this large would require unprecedented cuts in federal spending.
The good news is: everyone is estimated to save at least 4% and the wealthier at least double this amount. The bad news is:
the nations debt is not coming down with this decision. Download our free report now to see the full report.
Susan Balcomb 970.376.0615 Denver Colorado