Trump's tax cuts are not a 'sugar high' but a multiyear boost to the economy and stocks: CIO

What this story needs is a better perspective , of course permanent tax cuts are great for long term stock prices , but what of the offsetting reality of ballooning government debt? Who cares? I do. Wealth transfers from government to corporations by increasing US debt? Ugly.

Notice this guy leaves out the Bush tax rates expired in 2013 and the market did just fine. It is a 1 time injection of 1 trillion dollars into the market from buybacks. The money has been pissed away to prop up stock prices meanwhile the yields are spiking to fund this.

What tax cuts? Oh you mean that thing Trump and the gop gave to there friends

Sugar high is what they gave to the middleclass.....

Yup.

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Source: CNBC - 🏆 12. / 72 Read more »