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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: James Seagrove who wrote (1075867)	6/29/2018 4:54:52 PM
From: Land Shark	Respond to of 1574854

'Not what we expected’: Trump’s tax bill is losing popularity not-what-we-expected-trumps-tax-bill-is-losing-popularity Critics of the tax bill, which every Democratic senator voted against, counter that the faster growth is likely to be temporary — and that it comes at a high cost. Most forecasters, including the Federal Reserve, anticipate the growth will peak in 2018 and fall back to normal by late 2019. In the meantime, the tax bill will leave the country more than $1 trillion deeper in debt over the next decade, according to the Congressional Budget Office. The success of the tax bill hinges on a surge of corporate capital spending. If that doesn't come through, the Trump Administration is unlikely to get the 3 percent growth it's predicting for years to come. So far, spending on equipment is lower than it was at the end of last year, and overall business investment was 6.3 percent in the first quarter, unchanged from the 6.3 percent in the final quarter of 2017.