Financial expert David Fischer joins the Real Side radio show to discuss President Trump’s proposed cuts to corporate tax rates. Will this boost jobs? What about the debt? Also he discusses the economic impact of Hurricane Harvey and are we headed for a bear market in the stock market?
The Affects of Cutting Corporate Tax Rates
Listen to “The Real Side – Will Cutting Corporate Tax Rates Boost the Economy?” on Spreaker.
Show Notes:
– David appears @ 17:00
– The United States has the highest corporate tax rate in the history of the world at 35%. This is causing companies to move abroad and jobs to go overseas.
– President Trump wants to simplify the tax code so companies don’t have to rely on loop holes in the code to save money.
– He wants to reduce the corporate tax rate from 35% to 25%. This would result in a revenue loss of 3-7 trillion dollars over the next decade.
– David says tax cuts may create new jobs but will result in more debt.
– David talks about Hurricane Harvey and the temporary impact on the economy.
– Thinks we are due for a bear market in stocks.
– Gold has outperformed the Dow this year by about 3%. Gold has moved up 4x the amount stocks have in the same period of time.
