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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (148930)1/3/2020 5:13:10 PM
From: i-node  Read Replies (1) | Respond to of 354322
 
>> Milton Friedman often noted that when you cut taxes but don’t cut spending to match, you are not cutting taxes but merely delaying them.

I agree with Milton. But it is important to remember that fiscal years are arbitrary cutoffs and in real life it is necessary to look at discounted NPV over an appropriate planning horizon, compared with what might have been without the tax changes. So, it is early to be evaluating it, but I'd say it looks extremely promising given the current economy and a trillion dollars already in repatriation.



To: Alastair McIntosh who wrote (148930)1/3/2020 5:28:55 PM
From: combjelly  Read Replies (1) | Respond to of 354322
 
Nope. And it is no different than any other form of deficit spending at that point. Which is almost always stimulative. At least to some degree. Who winds up with the cash is really important. It is less effective the further up the food chain it goes.


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