by Summary:
Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his agenda…I see that President elect Trump's eye has turned to the trade deficit with Europe -- So a reminder that the single most important thing the US could do to bring down the deficit with the EU is to reform the US corporate tax code to end the pro pharma offshoring provisions 1/ pic.twitter.com/ITaXmbwsQJ— Brad Setser (@Brad_Setser) December 20, 2024
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Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his agenda…I see that President elect Trump's eye has turned to the trade deficit with Europe -- So a reminder that the single most important thing the US could do to bring down the deficit with the EU is to reform the US corporate tax code to end the pro pharma offshoring provisions 1/ pic.twitter.com/ITaXmbwsQJ— Brad Setser (@Brad_Setser) December 20, 2024
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Bond market now pricing in one 25 bps rate cut by Fed in 2025
New Economics Foundation writes What are we getting wrong about tax
Sandwichman writes The more this contradiction develops…
New Economics Foundation writes Moving forward
Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his agenda…
I see that President elect Trump's eye has turned to the trade deficit with Europe --
So a reminder that the single most important thing the US could do to bring down the deficit with the EU is to reform the US corporate tax code to end the pro pharma offshoring provisions
— Brad Setser (@Brad_Setser) December 20, 2024