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Trump tax reform: These middle-class households could pay more

admin by admin
July 10, 2024
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Trump tax reform: These middle-class households could pay more
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Extending the Trump tax cuts that expire next year will cost roughly $5 trillion over 10 years, but even with that hefty price tag, making the law permanent will still leave millions of U.S. households with bigger tax bills.



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The Kobeissi Letter Follow

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 994 Like on Twitter 1861858357440651714 4994 Twitter 1861858357440651714
kobeissiletter The Kobeissi Letter @kobeissiletter ·
17h

You can’t make this up:

US personal savings have just been revised down by a MASSIVE $140 billion for 2024.

The savings rate for September was revised to 4.1% from the 4.6% initially reported in October.

The rate for August was adjusted down to 4.4% from 4.8% reported last… https://x.com/i/web/status/1862249594387894694

Reply on Twitter 1862249594387894694 Retweet on Twitter 1862249594387894694 124 Like on Twitter 1862249594387894694 619 Twitter 1862249594387894694
kobeissiletter The Kobeissi Letter @kobeissiletter ·
22h

BREAKING: Investors bought just 16% of homes sold in the US in Q3 2024, the lowest share in 4 years.

This is ~5 percentage points below the record high seen in Q1 2022.

As a result, market share held by investors has declined toward pre-pandemic levels seen in 2019.

In total,… https://x.com/i/web/status/1862175353017602083

Reply on Twitter 1862175353017602083 Retweet on Twitter 1862175353017602083 94 Like on Twitter 1862175353017602083 679 Twitter 1862175353017602083
Retweet on Twitter The Kobeissi Letter Retweeted
kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
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