WASHINGTON — As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
After the Great Recession, the percentage of American households owning stocks fell to 52% from 62% before the crisis,. That percentage reached 55% in 2019, a year when the stock market hit record highs. The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion. A payroll tax cut would become an option only if the economy experienced significant decline, according to two senior administration officials. Separately, Larry Kudlow, director of the National Economic Council, has suggested cutting the tax rate to 15% for middle-class earners.
New tax cuts are "one of the reasons why we're going to focus so much energy on making sure that not only do we get President Donald Trump four more years in this White House," Pence said in a recent interview on the Fox Business Network. "But we're going to make sure that we reelect a Republican Senate and elect a Republican House of Representatives."
Artificial pump. Story of the US economy
Eliminate all these rules. If you have 401k you can’t have this.If u are self employed you can’t have ? Let us have whatever we want & tax Us at cash out You will get you💰 We don’t need tax deductions or u could give alittle to those making under 100K People with 401Kget robbed
American households are already invested. At the top! They love those ETF’s and FANG stocks. They only go up after all, right?!
That worked well
Hah! Good luck It's a rich person's gambling room and an extremely pathetic way to rate the success of our society on. We dont need it and I'm looking forward to when it all crumbles. The future of trading will be ACTUAL scarcity and that should frighten everyone.
Most people will lose a lot with this, but for responsible people its a great opportunity to participate and do well
Great! And how about mandating our schools to teach Free Market/Stocks etc, instead of geometry or something like that? Today’s kids aren’t taught script, can’t address a letter or write out a check. But they can all find the angle of a triangle...
Quit taking my fucking social security out, I’d rather manage my own future than count on you to when I’m allowed to retire at age 90
Thankfully my family taught me how to invest when I first started working and now with what started as small investments I will retire comfortably and SS is just a bonus. Look out for yourself because no one else will.
Let’s take care of this virus thing first if you don’t have health you got nothing☠️☠️☠️☠️
Average American doesn’t even have enough money saved up for a minor emergency, but sure let’s invest money that doesn’t exist
Yes, Wall Street Banksters need to steal everyone's retirement savings, party like it's 2008 again.
Then lower the capital gain tax! Done
Fk the stock market
This resembles the Trump Taj Mahal deal. Everybody invest and inflate a market that's already inflated. For reasons of good things must come to an end the economy is slowing to a moderate speed. Don't be sold out.
Former CNBC contributor Larry Kudlow told us to buy stocks last week. However, as Larry Summers pointed out, he’s never going to tell us when to sell because his boss won’t allow it.
If there is a tax incentive, then I'm in!
'YOU FOOLISH PAWN'S' -GREED
Basically, trump thinks if more people invest then the market goes up and his stocks will too. memememe
If they want to help people... Employee and employer both contribute to social security. Why not the government too?
Americans do not need stocks. They need universal healthcare and affordable housing and college. With those 3 things fixed, most workers would save at least $10,000 every year.
There are better ways to invest your money, retail investors should stay away from our Las Vegas style stock market.
Easy stop taking S.S out of my check a divert MY money into a 401k
Less taxation will make it more possible
Death trap for ordinary citizen
Really? The stock market is not the economy.
Most Americans would lose a ton of money in the stock market, they're not educated on the subject in most public schools, so unless stocks are just something interesting to them and they've read up on it, they never learn about how to invest.
Really bad idea
With this scheme, the 99% will be financially propping up the 1% who don’t give a poop about the 99%. This is a gambling for ppl w limited resources and little market savvy
Here’s a thought. If more people actually had LIVING WAGES that provided disposible income they would invest in stocks.
To bankrupt those poor retail investors like the hit to them is not bad enough!
Buy this worthless bullpucky with some more trillions in deficits and skyrocket chances of a pandemic!
Really a great idea. I think so many people are very intimidated.
So we can be swindled by his oh so clever Republican friends? No thank you.
...With this Coronavirus going on it would be wise to leave the stock market alone~Perhaps to even pull all of your money out!
Isnt the ability to make money enough?
Too many of us don’t have a pot to piss in and he’s telling them to buy stocks He’s plum crazy. Out of his mind. Out of touch.
Bad day to float that.
Top confirmed.
Why?👺👺👺👺
They want to fleece us. Buyer beware!
409k's are going to be created, watch.
what a coincidence ; Chinese goverment is try the best to incetivize households to invest in real estate
We also need incentives for US companies to have more stock buy in programs for employees. Homestead Act 2.0.
Hard to invest when health insurance is so high. Hard to invest when the cost of living is on a consisteant uptick while the lving wage is unmanageable.
Yeah because all the smart $$ is getting out.
Risk risk risky. 'YOU FOOLISH PAWN'S' -GREED
Free money to invest in stocks when 60% of the US doesn’t have $500 in Savings; what could possibly go wrong
Because the system as designed doesn't trickle up fast enough? Wisdom says supposed to have a 6 month emergency/backup $ before investing. Yet, 40% can't come up with $400. Soooo GOOD LUCK with this new plan!
Everyone should buy $INO
It would just further the bubble we are in. Soon, a large correction will be coming... a decade+ of artificially low interest rates, negative international rates, retail investors piling into index funds that are propping up stocks, etc.
PENNEY STOCKS ? OR GET A MILLION FROM DADDY ?
hmm, you mean when you do your taxes and they blatantly suggest if you put this much money right now in a retirement account you wont have to pay more taxes? Thats not enough?
They're not going to invest anything, because that would actually be a smart thing to do.
'How can we get most of America, which is uneducated about how the stock market works, to invest foolishly in things they shouldn't believe in and declare bankruptcy?'
Thought Starters: -Everyone is working a living wage plus job -401K for every worker -Financial literacy for all -1000 bucks of tax free income a week for 18+ investors -Free tuition -College loan forgiveness -$100K + new home for every black person born in this country
Stock Market Loans?
Your 401k will take a hit tomorrow. The Coronavirus is continuing to scare investors worldwide. Dow Futures are already showing 400 points down at the opening bell tomorrow morning.....
Calling B.S. no, no, no !
RepublicanSocialism RepublicanSocialism RepublicanSocialism RepublicanSocialism
When wages are decades behind inflation workers are gonna buy stock? FFS.
Dumbest thing Dems ever did was not going along with the idea of letting people invest their Social Security. One more reason that system is going bankrupt.
You mean people need incentives other than the fact that the market just goes up?
Fucking crazy !!! It’s going down and fast !!! They just want easy money and if you invest now they will get it. Pull your money out for now imo 🤷🏽♂️
What could go wrong?! Everything!! The Con man and his friends are cooking up and racket!🤦🏽♂️
Yeah let's get first time investors to enter the market in the 13th year of a bull run.
It’s over. Virus is all over your forehead
Do these assholes know stocks can go DOWN?
NorthmanTrader quite ironic they floated this idea at the very top, like they rang the bell. askslim
Got to have new ways to pump the stock market for the rich. Tax breaks to sucker people in when markets are at all time highs due to FED money printing.
Eliminate capital loss deduction cap limit.
Last I heard, losses aren’t tax-deductible nor are gains guaranteed. Incentivizing households to spend that money in Vegas casinos is equally practical.
LOL
Invest.... WHAT?
SOME out there believe what's theirs is theirs and what belongs to everyone else is theirs. They have already found an 'engraved image religion' to worship.
Buy the top of this bubble America, how else can we convince the masses of another bailout if only 10% of the population own any.
a big and natural downturn of 15 to 25% from this way overbought and over liquid levels will incentivize many
UBI - only catch is you can’t touch it until you’re 60. $1,000 a month into a TSP. 50/50 between C fund and G Fund. Rebalanced annually. 3 qualifications US citizen, high school grad, not in jail.
Im sure the fact that futures are down 1.5% has nothing to do with why CNBC posted this old article...
At all time highs? You’ve got to be kidding
Lower the capital gains tax.
Sign of a market top!
ie, ways to take more money from the middle class and give it to the rich only to squander it and get bailed out every 10 years.. But what do I know 🤷🏻♂️
because the WhiteHouse wants you to lose all your hard-earned money when the market crashes so Putin can swoop in and buy the rest of US, just like he’ll do with the bankrupt farmland. We will self destruct in November unless you VoteBlueNoMatterWho
You have to have surplus MONEY to invest!
Repatriation money must be drying up. Market is about to tank.
they might need that in place sooner than they think
Need some bagholders at the tippy top?
They could start with a living wage.... Smh
sent that last week but seems timely now
Not the time to add to an overpriced market,wait for a correction or worse.
Start by reintroducing the deductible IRA for everyone but at the $6500/$7000 level. Then drop the cap gains rate. Allow “in service” Social Security” lump sum distributions for anyone over 66. Expand deductions for charitable gifts of stock.
Hmmm put all your savings in, they crash it , 99% bankrupt and in debt to the 1%
Warren Buffet should just do it for everyone
Great idea!! Plus capital gains and inheritance should never be taxed in the first place IMO.
Perfect! Get them hooked so when Bernie wins he can fund free education for all much more easier with the Wall Street tax 😎
How about just letting us pull out of our 401k tax free to pay off debt or our mortgage. I’d have a lot of disposable income and it would give me piece of mind to get out of this mortgage and take on another investment.
46% of Americans do not have $400 in case of an emergency. It would seem to me that the best way to get more people to invest in the stock market is to give more people more money?
We can’t do that because we are too broke paying our medical bills and student loans. Get a fucking clue. This is what happens when a billionaire is elected president.
Why would anybody in their right mind take advice from the W H ? 🇮🇪
Yes! We Need a universal savings account!
'A lot of prep work is needed, before a household can invest into the Stock Market, because a lot of people could lose their homes due one mans (Trump) stupidity.' House TrumpsStupidity NYSE LearningNeeded
MMT economics have been in control for 20 years. Doesn't work as every where debt loads are highest ever. corporate, citizens & governmental. Only liquidity for MMT is from the central banks. Again! PRINT!
Sure sign of a market top.
Make capital gains tax free 🤔
excuse me I was told the democrats were the ones who buy votes by promising their voters free stuff
What could possibly go wrong?
so people can lose a lot of money at some point?
White House also considering tax incentives for more Americans to bet at Trump family Casinos. This is the gamblers president, nothing can possibly go wrong.
uh signs of a good economy not going to crash
Uh oh! linegoesdown 📉📉📉📉📉📉📉📉
They really are this stupid
You get a bubble, YOU get a bubble, and YOU get a bubble! Everybody gets a bubble!
Desperation 101
Smart, because historically, stock ROI 10-12%, can’t rely on SS and savings acct for retirement.
Would coal mining cos and oil cos get preferncial treatment?
Lol. I buy and sell stocks all the time and the market is a great place to take risks but incentivize people to buy more stocks? Come on..... you mean give rich people more breaks right?
MAGA
Thank you for gold buying advice. :)
Get rid of pdt rule abolishpdtrule WhiteHouse jimcramer realDonaldTrump
This would be great! I would invest immediately & I'm not a one % ter!!!
But aren't we already doing this through our '409ks'? 😏😜
It’s so funny how this administration release these Friday afternoon whammies. Like having the FAA say the 737 Max will be cleared before being examined lmfao
2020: Corona Deaths: 1,352 Short Seller Suicides: 13,522
Absolutely comical but would be a great way to inflate the assets of the already rich and ensure the morons buying stocks here get their asses absolutely handed to them
thank god theyre gonna do something about the stonks. theyre only up 4.6% this year despite all the good news
Eye roll head slap throw up in mouth.
Forcing people into stocks at highest valuations ever and lowest quality of earnings ever. Like forcing people to drink their own vomit.
Speechless...
FED should start buying stock index ETF, as much as it needs to. Much better investment than broken treasure. Until all companies are owned by FED, guess what, it’s communist 😂 😂 😂
Good lord 🤦♀️
We created a poll to see what people think. Vote here to see what the sentiment is...
Yeap... im buying... im making money.. u dont want to buy? ... dont.
cc BagholderQuotes
👍👍👍👍🇺🇲🇺🇲🇺🇲🇺🇲
👍👍👍👍🇺🇲🇺🇲🇺🇲🇺🇲
buy bitcoin
Throw everything you can to keep the market up and then say it’s because of the economy.....
Excellent idea! I've been asking for this for years. Also, start an investment plan for home buying!
Makes perfect sense. Someone's gotta be left with the bag when the guys who drove this fundamentally unsupported US equity rally cash out. Coercing hapless consumers to buy here will ensure a more smooth decline rather than a crash, and that losses hit savers and not trader P&L.
Wow what a bubble being created
It’s a good idea but most Americans are not making that much money
This is sick. Zombiism. Zombie banking, zombie market, zombie people.
Now citizen have to buy stocks at the highest to permit banks to save their assets
BREAKING: STOCKS RALLY AS DEAD BROKE AMERICANS WILL POSSIBLY BE GIVEN A TAX INCENTIVE TO GO INTO DEBT BY BUYING STOCKS AT THE MOST INFLATED PRICES IN MODERN HISTORY
Isn't this asking for a bubble?
Good god.
This is akin to: Emergence of property flipping tv shows Boom in gold jewelry-buying businesses My mom asking about Bitcoin Time to short!
The ladder of social mobility should be encouraged. Anybody who wants to increase capital gains tax will only be seen as supporters of a static, feudal, social structure.
Its just a headline pump.
Yeah well the Federal Reserve can't buy everything.