The Fox News Rundown

Business Rundown: President Trump Zeroes In On His Tax Agenda

Feb 7, 2025
Gary Kaltbaum, President of Kaltbaum Capital Management and Fox Business contributor, discusses key elements of Trump's tax agenda. He reveals how the administration's push for tax cuts faces challenges amidst a sluggish jobs market. Kaltbaum highlights the complexities of extending tax cuts and the divisions within the Republican Party regarding tax legislation. He further analyzes the impact of recent job reports and exposes the rising importance of a strong private sector in enhancing economic productivity.
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ADVICE

Extend Trump Tax Cuts

  • Extend the Trump tax cuts because the economy is used to them.
  • Raising taxes takes money from the real economy and hardworking people, hindering economic growth.
INSIGHT

Corporate Tax Competition

  • The US needs to compete with the rest of the world, especially on the corporate level.
  • Other countries have much lower corporate tax rates.
INSIGHT

Government Job Bloat

  • Nearly half the jobs added under the Biden administration were government jobs.
  • This government bloat needs to be streamlined for greater efficiency.
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