News / Article

Are Trump's tax cuts backfiring on Wall Street?

Source: money.cnn.com - Feb 6, 2018

Be careful what you wish for.

Wall Street partied hard while President Trump pushed for huge business tax cuts that the economy didn't really need. Tax cut euphoria carried the Dow a breathtaking 8,000 points to levels never seen before.

Now comes the hangover. Investors are remembering that giving lots of medicine to an already healthy economy can have side effects, namely inflation.

CLICK SOURCE TO READ ARTICLE

Category: General Business