It is the 13th of November 2019


CRFB Calculates What Donald Trump's Revised Tax Plan Will Do To US Debt

Following the release of Donald Trump's "original" economic plan, his opponents had a field day with his tax proposals and economic agenda, which according to the Committee for a Responsible Federal Budget (CRFB) would boost US Federal debt by $9.25 trillion from the tax cuts alone, while his comprehensive agenda would add over $11.5 trillion to the national US debt. Needless to say, the Fed and other central banks who are desperate to find more securities to monetize, were salivating at the option, although it probably would be difficult to explain a decade from now why US debt is yielding 0%, or negative, with a debt/GDP ratio of over 200%.

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