Posted on 12/13/2017 6:55:47 PM PST by Be Careful
WASHINGTON—The Federal Reserve showed continued optimism about the U.S. economy in voting Wednesday to raise short-term interest rates for the third time this year, and signaling it would stay on a similar path next year amid a leadership transition.
Officials nudged their economic-growth estimates higher for the next few years on expectations that congressional Republicans will pass tax cuts. But the Fed policy makers’ new projections suggest the boost wouldn’t be so large that they would have to speed up the pace of rate increases to guard against too much inflation.
(Excerpt) Read more at wsj.com ...
A boost to the economy, more production, would mean lower inflation, not higher.
OR.....
If you passed Econ 101 and the Prof wasn’t a Communist....
Individuals AND Small Business will do well.
Note: I expect the AMT will get tossed in the final conference version.
I can’t get pass the paywall to the full WSJ article. But I could tell that you added the parenthetical to the WSJ’s actual title.
The tax bill is not “screwing” Small Business. On the contrary, the tax changes will significantly benefit small businesses.
Any boost to interest rates combined with the negative tax incentives for Small Business in the new tax plan....is....very, very bad for Small Business
And, very very bad for the largest jobs creation sector in our nation...companies that employ 100 or fewer employees
Small Business is yet again thrown to the wolves
see post #5
Pardon my confusion.
Obama just bragged how great the Economy grew under his Presidency, yet Interest Rates were kept as low as possible during that entire time.
Now the Economy is doing great under President Trump and the Fed can’t wait to raise Interest Rates?
What changed?
Do you have a specific example of a "negative tax incentive for small business" in the plan?
Don’t be fooled about Fake Tax Cuts
http://www.inforum.com/opinion/letters/4366131-letter-proposed-tax-bill-no-good-nd-small-businesses
“As small business owners, we would like to voice our opposition to the tax reform bill that will soon be up for a vote in the Senate. Small businesses like ours are the backbone of North Dakota’s economy - representing about 95 percent of employers in our state. Yes, the tax code does need to be reformed to level the playing field and allow us to compete with bigger companies. However, for many reasons, the proposed bill will do much more to hurt us—and the people of North Dakota—than to help us.
From a tax standpoint, instead of offering permanent tax cuts like the ones larger corporations will receive, small businesses like ours are being offered the short end of the stick, with tax cuts for middle-income earners - many of whom are small business owners - ending after 10 years. Rather than getting rid of the uncertainty, this tax bill will just add to it. It will make it harder for us, and other North Dakota small businesses, to grow.”
So, it affects a small businesses “eleven year plan”! How many small businesses have ten year plan?
How is any of that a negative tax incentive?
/// Now the Economy is doing great under President Trump and the Fed can’t wait to raise Interest Rates? ///
Exactly what I was thinking. Yellen is a lib tool.
“....Exactly what I was thinking. Yellen is a lib tool.....”
Yep. That she is.
Liberalism destroys everything it touches....everything, including the mighty Federal Reserve. It is the BORG of this century.
How so? An improving economy is good for them - the rates are so artificially low right now because there has been zero confidence.
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