The Treasury Secretary, Scott Bosent, discusses the possibility of a trade deal and the return of production to the country in “Kudlow”.
The “Tax and Job Reduction” law 2017, the coronation of the President Donald Trump The first term that expires by the end of the year is on the path of revival.
“What I hope is that we will have a tax bill signed, stamped and delivered until July 4, which will assure US companies, US consumer and have a real motivation for the US economy, just as the tax bill in 2018, and even at Covid, said” Tuesday, the Minister of Business “.
Members Senate and Majlis They work in “Lockstep” to hammer the details. Parliament Speaker Mike Johnson initially hoped for the deadline for the memorial day, but with progress.
Johnson said in an interview. Axios Wednesday.
10 years of treasury and stock
In 10 -year -old treasury performanceWhich has observed sharp fluctuations upwards, the less trend has reached 4.158 %. The sign that the interest rate can be declining. The Federal Reserve will hold its next meeting on May 7, and according to the Fedwatch CME tool, no rate change is expected.
While the S&P 500, the widest stock exchange criterion, has declined by 6 % compared to year -to -year. However, this correction was out of its correction, which has declined by 10 % last week.
Updated billing may include several prizes.
Car loan deduction
“One of his plans (Trump) is to be interested in car loans for cars made in the United States, whether new or in use, tax aid,” Bosun added.
| Tick | Security | The last | Change | Changing % |
|---|---|---|---|---|
| General Motors | General Motors Company. | 45.35 | +0.14 |
+0.31 % |
| C. | Ford Motor Company. | 10.12 | +0.12 |
+1.20 % |
| Tm | Toyota Motor Corp. | 191.15 | 0.18 |
+0.10 % |
| Tsla | TESLA INC. | 283.07 | +0.91 |
+0.32 % |
| Hymn | Hyundai Motor LTD. | 49.1 | -0.95 |
-1.90 % |
Mean The annual percentage of new cars According to Edmunds, 7.1 % was imported in the first quarter. With the average loan for new 69.5 months, car buyers are likely to pay $ 741 per month for a monthly payment.
Expansion of production
Another is the expansion of manufacturers' costs, which currently includes only equipment. “What we want to add is 100 % cost for factories, so you can spend equipment and structure,” Bosun said.
Employees work on the assembly line in the production facility of Dakkota integrated systems in Detroit, Michigan, the United States on Thursday, May 5, 2022. Dakkota integrated systems are a native American and female company that produces panel makers (Photographer: Jeff Kouleski / Bloomberg via Giti Pictures / Getty Pictures)
US manufacturers, who strongly compete with China and other foreign countries, have advocated support for expansion and/or permanent tax cuts in 2017.
“Tax Reform 2017 which President Trump In fact, our board of directors was announced in 2017, and when he said that the missile would be for the economy, if they were approved, it was really. These tax reforms led to investment and job creation and wage growth for three years after their approval. “Jay Timons, CEO of the National Producers Association, recently told Fox Business.
According to a NAM -sponsored study recently reported by Fox Business, nearly 6 million jobs are lost.
US jobs, $ 1.1 in GDP if Congress allows Trump's tax cuts to expire: Study
US economy In the event of an expiration of the tax cuts and the remaining job law, $ 540 billion will be lost and the shortage of GDP will face $ 1.089 with a shortage of GDP. In addition, if Congress does not maintain reform, it produces 1.137 million jobs, $ 126 billion in manufacturing workers' compensation and $ 284 billion in GDP.
The US economy shows signs of standing. First read on GDP 1Q decreased by 0.3 %The first contraction of 2022. Two -contraction back to the official recession.
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Fox News' Danielele Wallace has been involved in this report.