Reported 6 days ago
Donald Trump's recent election victory is expected to lead to the extension of the 2017 Tax Cuts and Jobs Act, which could maintain low taxes and bolster economic growth in the short term. Experts predict a rise in consumer and business confidence, along with stock market gains, as Trump's administration is likely to keep corporate tax rates low. However, concerns remain about the potential increase in the federal deficit that could arise from extending these tax cuts.
Source: YAHOO