Secretary of the treasury Janet Yellen has announced that a proposed corporate tax increase will stimulate the economy??? If that happens it will be the first time that it does. She also expects the rest the developed nations to raise their corporate tax rates. Doesn't she realise that the tax imbalance is why companies fled the country for overseas tax havens? Whatever Joe as soon spreading.
Originally Posted by the_real_Barleycorn
Yes, she seems to sincerely believe that if we shoot ourselves in the foot that the rest of the world will do so too.
Both the Chinese and the Euros have to be drooling over this news.
But I disagree that she caught this from Dementia Joe. Remember when Trump first got elected, she couldn't wait to start hiking interest rates in a vain attempt to derail the Trump economy before it even got started. Can you even imagine how strong the Trump economy would have been if it weren't for the NINE interest rate hikes imposed by the FED until COVID hit.