Sunday , November 24 2024
Home / Mike Norman Economics / Civil war is taking place inside the White House pitting Mnuchin against Kudlow

Civil war is taking place inside the White House pitting Mnuchin against Kudlow

Summary:
"Team of rivals!"..... hahahahhhaha!!!! Kudlow, a long-time advocate of lowering taxes as a way to promote growth, is pushing for a payroll tax cut as a key part of the plan to spur economic growth...... But Mnuchin, a former Wall Street executive, is said to believe a payroll tax cut will not be approved by Congress and will face stiff opposition from Democratic House Speaker Nancy Pelosi, these people say. He is pushing for another round of individual stimulus checks and an extension of unemployment benefits A civil war is taking place inside the White House pitting Mnuchin against Kudlow over a key provision of the fourth round of stimulus amid COVID-19 lockdowns, @FoxBusiness reports https://t.co/f3j6SsRMAo #FoxBusiness— Saleha Mohsin (@SalehaMohsin) July 17, 2020

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Mike Norman writes Stephen F. Cohen — Russia Is Not the ‘No. 1 Threat’—or Even Among the Top 5

Mike Norman writes Matt Taibbi — Latest Fake News Panic Appears to Be Fake News


"Team of rivals!"..... hahahahhhaha!!!!

Kudlow, a long-time advocate of lowering taxes as a way to promote growth, is pushing for a payroll tax cut as a key part of the plan to spur economic growth...... But Mnuchin, a former Wall Street executive, is said to believe a payroll tax cut will not be approved by Congress and will face stiff opposition from Democratic House Speaker Nancy Pelosi, these people say. He is pushing for another round of individual stimulus checks and an extension of unemployment benefits

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *