evrimagaci.org on Nostr: Trump Names Treasury Secretary To Revive Economic Growth ========== Donald Trump ...
Trump Names Treasury Secretary To Revive Economic Growth
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Donald Trump appoints Scott Bessent as U.S. Treasury Secretary on November 26, 2024; Bessent aims for bold tax cuts and fiscal reforms to tackle national debt of approximately $36 trillion; Dow Jones Industrial Average rises 440 points to an all-time high of 44,736.57 following the announcement; Bessent plans to maintain Trump's previous tax cuts and eliminate taxes on tips, social security benefits, and overtime pay; He proposes the 3-3-3 rule to cut budget deficit to 3% of GDP by 2028, boost GDP growth to 3%, and increase oil production by 3 million barrels per day; Concerns arise over renewing tax cuts amid high federal debt and rising interest rates; Elon Musk expresses skepticism about Bessent's appointment; Analysts debate the feasibility of Trump's economic vision amidst challenges of debt management and inflation.
#Trump #Bessent #Treasury #Economy #TaxCuts #Debt #DowJones #Inflation #OilProduction #FiscalPolicy
https://evrimagaci.org/tpg/trump-names-treasury-secretary-to-revive-economic-growth-67747
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Donald Trump appoints Scott Bessent as U.S. Treasury Secretary on November 26, 2024; Bessent aims for bold tax cuts and fiscal reforms to tackle national debt of approximately $36 trillion; Dow Jones Industrial Average rises 440 points to an all-time high of 44,736.57 following the announcement; Bessent plans to maintain Trump's previous tax cuts and eliminate taxes on tips, social security benefits, and overtime pay; He proposes the 3-3-3 rule to cut budget deficit to 3% of GDP by 2028, boost GDP growth to 3%, and increase oil production by 3 million barrels per day; Concerns arise over renewing tax cuts amid high federal debt and rising interest rates; Elon Musk expresses skepticism about Bessent's appointment; Analysts debate the feasibility of Trump's economic vision amidst challenges of debt management and inflation.
#Trump #Bessent #Treasury #Economy #TaxCuts #Debt #DowJones #Inflation #OilProduction #FiscalPolicy
https://evrimagaci.org/tpg/trump-names-treasury-secretary-to-revive-economic-growth-67747