The Real Side - Will Cutting Corporate Tax Rates Boost the Economy?
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.