TYB
Budget watchdogs conclude economic growth won't pay for majority of proposed GOP tax cuts
The CRFB said economic growth predicted from the tax package that could reduce revenue from $5 trillion to $11 trillion will not pay for tax cut extensions.
Budget watchdogs have come to the conclusion that economic growth won't pay for the vast majority of the proposed Republican tax cut package. The package, which is being crafted using the budget reconciliation process, has not yet been passed by Congress.
"The latest estimates from third-party modelers confirm what we’ve said several times before: economic growth will not pay for tax cut extensions," read a statement from the Committee for a Responsible Federal Budget.
"New estimates from the Tax Foundation and Tax Policy Center (TPC) show that extending the portions of the 2017 Tax Cuts and Jobs Act (TCJA) that either have expired, are phasing down, or will expire at the end of 2025 will not produce nearly enough economic growth to offset their revenue loss," the CRFB added. The TCJA was signed into law by then-President Biden in December of 2017.
The CRFB found the Tax Foundation’s estimate to be "the most optimistic." According to their analysis, "dynamic" economic gains are projected to offset up to 16% of conventional revenue losses from the tax rate reductions or tax benefits expected to be included in the GOP tax bill.
https://justthenews.com/government/congress/budget-watchdogs-conclude-economic-growth-wont-pay-vast-majority-gop-tax-cut
Trump golf course targeted over Gaza proposal (VIDEO)
Activists have vandalized the US president’s Turnberry resort in protest of his plans to relocate Palestinians from the enclave
https://www.rt.com/news/613924-trumps-golf-course-targeted-over/
Gold With The Flow Or Seize The Tow…
The Macro Butler's Photo
by The Macro Butler
Saturday, Mar 08, 2025 - 3:10
Outside the business cycle and the war cycle, both of which cannot be beaten and for which investors can only prepare by analysing market data untainted by political propaganda, those who have dedicated enough time to studying how to adapt to and navigate the business cycle understand that the best way to benefit from it is not only by tracking the evolution of the three key ratios driving it (the stock market-to-oil ratio, the gold-to-bond ratio, and the stock market-to-gold ratio) but also by following the money, i.e., capital flows.
https://www.zerohedge.com/news/2025-03-08/gold-flow-or-seize-tow