Quote:
Originally Posted by Barry-xlovecam
Good question...
So far he has sworn he will delete a good part of the government and cut everyones taxes -- Downsize America < that should be his new motto.
I think he will order the needed money printed. That will not end well.
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If the goal us to increase American exports, it could actually be effective to print money to devalue the dollar. Would decrease US buying power abroad. For example, definitely bad for webmasters who get paid in dollars and live some place the dollar goes farther, but good for US manufacturing. Maybe good for membership sites and cams which bill in dollars, if those fees are suddenly way lower for a lot if the world. Maybe bad for all of us, but cou,d lead to keeping his campaign promises of improving the balance of trade for America.
Also, FWIW, while of course you are correct about the 35% bracket, anyone with income of $76k or more would get a cut if every bracket is mashed down to 15%.