Kevin Hassett is the Brent R. Nicklas Distinguished Fellow in Economics at the Hoover Institution, Stanford University and a Freedom Conservatism signatory. During the first Trump administration, Hassett chaired the White House Council of Economic Advisers. A former advisor to several other GOP campaigns, he is likely to play a role in the next Trump administration, as well. Hassett previously served as senior economist at the Board of Governors of the Federal Reserve System and economist at the American Enterprise Institute. His academic background includes being an associate professor of economics and finance at Columbia University’s Graduate School of Business and visiting professor at New York University’s Law School. His many books and monographs include “Toward Fundamental Tax Reform”, “Inequality and Tax Policy”, and “Bubbleology: The New Science of Stock Market Winners and Losers.” In a pre-election interview with CNBC, Hassett forecast a “supply-side boom” if a second Trump administration maintains and builds upon the 2017 tax cuts while pursuing other fiscal and regulatory reforms. “When you increase growth that puts downward pressure on inflation,” he pointed out. You can read more about Hassett and other #FreeCon signatories here: https://lnkd.in/eXCNjvmH
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Trump's Second Term: Implications for America and Investors In a recent analysis by Doug Casey on LewRockwell.com, the potential impacts of Donald Trump's second term on both the American landscape and the investment community are explored with keen insight. As we stand at the threshold of a new presidential term, understanding these implications is crucial. For America:Cultural Conservatism: Casey suggests that Trump's presidency could bring a return to traditional American values, potentially slowing down the cultural shifts we've seen in recent years. Regulation Rollback: A significant push towards deregulation is anticipated, which could stimulate economic activity but also requires careful navigation of market dynamics. For Investors:Monetary Policy: Despite his economic stance, Trump's history as a "low-interest rate guy" hints at continued policies that might keep inflation in check but could also mean higher deficits. Taxation: The idea of revisiting taxation policies, especially for expatriates, is floated. While beneficial if implemented, Casey remains skeptical about the feasibility due to the fiscal state of the U.S. Key Takeaways:Watch for Policy Changes: Investors should keep an eye on regulatory environments and fiscal policy adjustments which could reshape market conditions. Economic Philosophy: The approach to economics in Trump's second term might not shift significantly, focusing on growth through reduced regulations rather than fiscal conservatism. The full article provides a deep dive into these aspects, offering a perspective that encourages both optimism for economic freedom and caution regarding fiscal responsibility. Read the insightful piece here: https://lnkd.in/ecnqb6wA #TrumpSecondTerm #EconomicPolicy #InvestmentStrategy #BusinessOutlook #Deregulation #FiscalPolicy Note: The views expressed are based on analysis and do not constitute financial advice.
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https://lnkd.in/ek9Chp4t IF YOU UNDERSTAND MONEY & TAXES, YOU MUST WATCH THIS. TRUMP'S IDEA TO KILL THE IRS WILL KILL THE U.S. ECONOMY??? PLEASE SHARE THIS POST WITH FRIENDS AND ENEMIES.
Lawrence: Donald Trump is proposing the ‘worst economic policy in U.S. history’
https://www.youtube.com/
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In his latest guest essay for The New York Times, Bureau expert and Columbia Law School Professor Tim Wu discusses the long-term dissatisfaction among Americans surrounding the economy and the Biden administration's bold approach to addressing it. Wu argues that conventional economic strategies of tax and transfer or tax cuts have failed to address the structural issues causing discontent. Americans want a fundamentally different and fair economy. Through policies that prioritize the predistribution of wealth, competition, and the well-being of the average American consumer, the Biden administration is doing just that—making the economy fairer and more productive. The challenge is communicating this message to voters, contrasting the economy Biden is striving to create with the centralized, unbalanced economic system that exists today. By framing his economic agenda as a fight against today’s toxic form of capitalism, the administration has an opportunity to enact fundamental economic change. Read more ?? https://bit.ly/3VznIXt
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Happy George Washington's Day! ???? Did you know Washington's presidency laid the financial groundwork for the U.S.? Discover how his legacy in accounting, finances, and taxes still impacts us today. #FoundingFather #FinancialLegacy #WalstonAdvisoryFirm
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What could a second term for Trump mean for the economy? From tax policies to trade wars, the next four years could reshape financial futures. Read my latest insights here: https://lnkd.in/gQF8X_qe #2024Election #EconomyOutlook #FinancialSecurity
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Harris likes to fall back on the old "Sixteen Nobel Laureates in economics yada, yada, yada" but I encourage every reader and especially the Harrisites to read these documents. If you see the words "could" or "maybe" or "might" or "would" you are not reading a research paper. Instead, you are reading an opinion editorial. Yes, even the Ivy League has teamed up to misquote and purposely confound us by calling an "opportunity cost" a "tax." A tax is a law that requires a sum be paid by participants in the US social system. Per the 16th Amendment, the congress has unlimited capacity to tax you and me however much they want and for whatever reason. Usually there is no reason other than to pay the legal bills incurred by the US. When congress then approves an appropriation, that is an IOU payable by the People via the US Treasury. The IRA that Harris so proudly passed is a tax. It has yet to create a single job but has obligated the US (heavy on the YOU) to $1.5 trillion. The benefits of this enormous debt are dubious and impossible to quantify unless one is willing, like these 16 Nobel laureates, to go way down the rabbit hole. A tariff is an opportunity cost that is traded to make dealings between two international partners more favorable. The mere threat of action can have substantial impacts. Go too far, go to war. Don't do anything, and get played over-and-over by the trading partner (see mainland China). Often, paid researchers like the Ivy academics slant their findings based on the agenda of the research partner. In this case, the Democratic campaign. What one will certainly find is that Trump is bad for the economy, some number, and some certainty that consumers will suffer up to that number. What you will not find is any mention of the opportunity gained, as in foreign companies bringing their manufacturing to the US because of tariffs and lower rate of taxation. These are indisputable and yet unconsidered by the Ivies. The Ivies, well, they are, at the end of the day, just throwing in their two-cents worth; and, we all know that opinions are like assholes, these are everywhere. Remember, the business of the US is business. And the purpose of a business is to build shareholder wealth (heavy on the US).
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How, if any, will a Federal Reserve interest rate cut impact your current mortgage? Check out UMD faculty and previous Assistant Secretary of Economic Policy for the Treasury - Michael Faulkender - explain it and more!
What does it mean when the Federal Reserve cuts the interest rate??How does that affect the average consumer??Hear?Smith School professor Michael Faulkender, Dean’s Professor of Finance and former Assistant Secretary for Economic Policy at the US Department of Treasury, give his thoughts on the topic. Interested in learning more about the economy, or finance in general? Check out one of our many top-ranked undergraduate and graduate programs at the Robert H. Smith School of Business. https://lnkd.in/gYVtfaCd
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Business Accelerator Manager@Local First Arizona I [email protected] I Economic Development Professional IEntrepreneurship Program Design I Systems change maker I Author
Joe Biden and Donald Trump are set to lay out very different summaries of recent history when they meet Thursday for their first debate. To help cut through the spin, Yahoo Finance is offering a way to test what you know about five key aspects of the economic records of the current president and his immediate predecessor. #USeconomy
Test what you know about the economic records of Biden and Trump
finance.yahoo.com
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What are the pros and cons of green energy tax credits??Hear?Smith School professor Michael Faulkender, Dean’s Professor of Finance and former Assistant Secretary for Economic Policy at the US Department of Treasury, give his thoughts on the topic. Interested in learning more about the economy, or finance in general? Check out one of our many top-ranked undergraduate and graduate programs at the Robert H. Smith School of Business. https://lnkd.in/gYVtfaCd
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The recent shift in the presidential race, with President Biden endorsing Vice President Kamala Harris, has dramatically altered the election dynamics. What seemed like a sure Trump victory has turned into a fiercely contested race. ????? Harris’s newly unveiled economic plan, focused on creating an “opportunity economy,” includes: ?? Higher Corporate Taxes: Increasing corporate tax rates to 28%, taxing stock buybacks at 4%, and raising the minimum business tax. ?? Wealth Tax Reforms: Higher taxes on incomes over $400,000, increased Medicare taxes, and a new minimum tax on unrealized gains for the ultra-wealthy. ?? Expanded Child Tax Credit: Boosting the credit to $6,000 for newborns and reinstating expanded payments for children. ?? Housing and Estate Tax Changes: Plans to build 3 million new homes, provide $25,000 down payment assistance, and reform estate taxes. ?? Price Gouging Ban: A federal ban on unfair pricing practices, which has faced criticism from economists. Curious about how these policies could impact the economy and your personal finances? Dive into the full details of Harris’s economic vision and what it means for the future. #KamalaHarris #Election2024 #EconomicPolicy #TaxReform #Housing #ChildTaxCredit #PriceGouging #PoliticalAnalysis https://bit.ly/4dYqKdA
Here’s What We Know About Kamala Harris’s Economic Plan and How It Could Affect Your Finances
realfacts.com
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