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Strategies & Market Trends : World Outlook

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To: Les H who wrote (45205)	3/7/2025 6:37:25 AM
From: Les H	Read Replies (1) of 49014

DOGE to Cut 1,000 Jobs at Largest U.S. Army Ammunition Plant link Race against time to find spending cuts to finance the 2017 TJCA extension. Extending the expiring 2017 Tax Cuts and Jobs Act ( TCJA) would decrease federal tax revenue by $4.5 trillion from 2025 through 2034. Long-run GDP would be 1.1 percent higher, offsetting $710 billion, or 16 percent, of the revenue losses. Long-run GNP (a measure of American incomes) would only rise by 0.4 percent, as some of the benefits of the tax cuts and larger economy go to foreigners in the form of higher interest payments on the debt. link

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