Episode 298: Will Trump Extend The Tax Cuts If Elected?

Today’s video is part three of David’s interview with Dave Hall. They discuss whether Trump will extend the tax cuts if re-elected.  David cites a recent report from the Committee for a Responsible Federal Budget that says that if they extend the tax cuts, the government will have to borrow $5 trillion to pay for those tax cuts.  David explains why he doesn’t see another tax cut happening without a commensurate reduction in spending.  David tackles people’s assumptions that tax cuts can stimulate enough economic growth to be able to pay for themselves. Dave and David agree that more people are starting to come to terms with the fact that taxes will go up in the future.  David explains why individual investors need to be realistic about the types of tax rates they're likely to pay down the road.  David shares his thoughts on whether the Inflation Reduction Act was successful in bringing inflation down and cutting government spending.  Why you need to take advantage of historically low t...