The problem is that the economy is not improving because the middle class has been decimated. Interest on savings would allow savings to compound, provide an incentive to save, and would provide income which Seniors would spend, a lot of it in the local economy. EVerify and tariffs against unfair competition would do more to help US citizens than any scheme that helps the rich. Us little folk are past fed up with CEOs and other members of the ruling class receiving multi-million dollar wages and benefits while the rest of us have trouble getting enough income to break even.
“The problem is that the economy is not improving because the middle class has been decimated.”
That’s the long and short of it. Without the middle class, there will only be the rich and those who serve them.
Which is why 0care repeal needed to happen first. The premiums and sky high deductibles are killing us.
Since that never happened, any ‘tax reform’ would have to throw the middle class a pretty big bone to even offset the corrosive effects of 0care.
Normalizing interest rates should have been done years ago and now it’s probably too late to do without igniting shock waves throughout the economy.