Therefore, USA has to issue more bonds to cover the money lost from lesser tax receipts. All in all, interest rates will climb.
Friday, February 10, 2017
USA will have to issue more debts to cover money lost in tax receipts.
Trump is proposing a 20% corporate tax which will reduce the tax receipts significantly as the current tax ceiling is 35%.
Therefore, USA has to issue more bonds to cover the money lost from lesser tax receipts. All in all, interest rates will climb.
Therefore, USA has to issue more bonds to cover the money lost from lesser tax receipts. All in all, interest rates will climb.
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