Why the stock market is up 5% in the week of Donald Trump
As he prepares to take office on Jan. 20, Donald Trump is expected to announce a plan to reduce the corporate tax rate from 35% to 15%, but that won’t be the only major policy change he’ll be making.
Trump is also expected to sign an executive order that could roll back the Obama-era Clean Power Plan, which aims to reduce carbon emissions from power plants by reducing greenhouse gas emissions from coal plants.
“We are seeing a very, very high rate of stock market gains,” said Andrew Smith, an economics professor at the University of Southern California.
“In the past, we’ve seen very high returns in terms of the stock markets.
We have seen this before with presidents.”
What we’re seeing with Trump: The stock market, at the moment, is up about 5% year over year.
It’s up more than 4% since Trump was elected president in November 2016.
It also has been up more during Trump’s first year in office, which started with the election of Trump.
The Dow Jones Industrial Average has jumped nearly 2,000 points.
The S&P 500 has jumped more than 8% since November 2016, the S&P Energy Index has risen more than 5% and the Nasdaq Composite Index has jumped 6% during Trump.
Some analysts have been predicting the stock bubble that popped when Trump won the election would last for years.
However, stock markets aren’t necessarily the best place to buy stocks because they can fluctuate and they’re also prone to swings in sentiment, Smith said.
The market is also volatile, as markets tend to be.
And stocks tend to rise when a company makes a big splash in the news.
“They can go up and down,” Smith said of the market.
“It’s really not a good place to do it.”
Here’s what you need to know about the stock boom: How stock market bubbles can pop Why does Trump want to cut taxes?
The president-elect has repeatedly pledged to eliminate taxes on the wealthy, and he’s set to release a tax plan next week that includes some of the biggest tax cuts in history.
Under the plan, Trump would eliminate the estate tax, which is currently $5.9 million for married couples with $2.45 million in estate tax liabilities, and the payroll tax, currently at 8.4%.
The top income tax rate for those who earn more than $1 million would drop from 39.6% to 25%.
And, while some experts have warned that the tax cuts would not be enough to offset the huge economic losses from the tax bill, Smith says that the changes could help.
“This is one of those tax cuts that will make the economy grow more rapidly than it has,” he said.
What are the tax breaks?
Tax cuts are generally paid for through a combination of reductions in taxes and spending cuts.
The tax cuts on the wealthiest Americans are projected to cost $4.9 trillion over 10 years, while the tax relief on the middle class will cost $2 trillion over a decade, according to a Congressional Budget Office report.
The Tax Policy Center estimated that Trump’s plan would increase economic growth by 0.2 percentage points in the first decade, 0.5 points in 10 years and 0.7 points in 20 years.
What impact will the tax changes have on the economy?
The tax cut is expected at least in part to help companies create jobs.
The nonpartisan Congressional Budget Institute estimated that if the tax cut went into effect in 2023, the economy would create about 8 million jobs.
It would also boost the economy by $1.7 trillion over that period, and reduce the debt by $2,600 per household, according a Brookings Institution analysis of the tax plan.
The Congressional Budget office also estimates that the economic boost from tax cuts could be offset by other tax cuts.
Tax cuts on people who earn less than $50,000 a year would help more than 1 million households.
A cut in the estate taxes would also help about 6.3 million families, according the Brookings analysis.
The economic boost could be partially offset by higher payroll taxes, which could boost the tax burden on working families by about $1,000, according Brookings.
Trump also wants to make it easier for companies to bring back jobs overseas, and has proposed a number of measures to do so.
He wants to expand tax credits to help bring back factories and jobs that are being shipped overseas.
He also wants the corporate income tax to be lowered to 15% from 35%, which would help companies bring back millions of jobs.
But he has also said he will not sign an overhaul of the federal tax code that would create more tax breaks for companies.
And he has promised to raise taxes on wealthier Americans, which may hurt the economy more than the tax savings from tax reform.
What happens next for stocks?
Trump has already said he is committed to rolling back the Clean Power Program, which the Obama administration has said
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