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Hey everyone! Welcome back to Bull Bear Stories. In this video, we dive into what a Trump win in November could mean for the tax burden on the poor. As an economist, I'll break down the potential impacts of extending the 2017 Tax Cuts and Jobs Act, which slashed corporate tax rates and increased the standard deduction.
We’ll discuss insights from experts like Stan V. Smith and explore the theory behind the Laffer Curve. Plus, we'll look at a new analysis from economists Kimberly Clausing and Mary E. Lovely, which highlights the potential effects of Trump’s proposed tariffs on low-income Americans.
Understanding these complex issues is crucial, especially as the election approaches. Will the poor benefit from extended tax cuts, or will new tariffs offset these gains? Join me as we unravel the economic implications of a Trump victory and what it means for you.
Don't forget to like, subscribe, and hit the bell icon for more in-depth economic insights. Share your thoughts in the comments below!
🔔 Subscribe now for more engaging content on economics and stay ahead with Bull Bear Stories! 📊
#Trump2024 #TaxCuts #Economics #LafferCurve #IncomeInequality #Tariffs #Elections2024 #BullBearStories #EconomicImpact #TaxBurden
Disclaimer: This video is based on public research, not financial advice (consult a pro for that!). There may be affiliate links, but all content is fair use. For more info, check out the Bullbearstories About page.
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