Stephanie Kelton says the Republican Tax cuts have helped growth but fall short of a 'giant stimulus' despite their $1.9 trillion price tag.
Stephanie Kelton, former chief economist for the Democrats on the U.S. Senate Budget Committee, says the Republican Tax cuts have helped growth but fall short of a"giant stimulus" despite their $1.9 trillion price tag.
div > div.group > p:first-child"> She attributes part of this this disparity to the tax cuts"disproportionately" benefiting higher income Americans who she says have a lower"propensity to spend" newly saved money. But Kelton also says the tax cuts will continue rolling out for years, offering a"potential boost" to the economy later on.
Kelton talks about what might bring on the next recession. She notes a global slowdown but says the U.S. Economy has proven itself"extraordinarily resilient". She also says the Fed could potentially hike rates if economic growth comes in exceptionally strong in 2019.
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