The International Monetary Fund (IMF) was alarms about the new Tax Act Trump and warned that he could throw the US deficit of $ 4 trillion into the air in ten years.
Legislation extends Trump 2017 taxes and adds new breaks, such as taxes without tax and time. Despite some cuts cuts, the plan would still add $ 3.4 trillion to deficit before interest costs.
IMF spokesman Julie Kozack stressed that this “counter” to the need to reduce the debt, especially with US debt, which is close to 98% of GDP, compared to 73% ten years ago.
Claims for growth vs. warning of experts
Trump’s team claims that tax reduction will increase the growth to 3%, thereby compensating losses with greater tax revenues and customs income. But economists disagree tremendously.
Six Nobel Prize winners call the bill “shocking” for having low -income families and helping the rich.
The Congress budget non -member budget predicts that by 2033 it reduces household resources for the poorest Americans by 4%. Harvard economist Ken Rogoff remarks that similar past tax cuts “led to rising deficits rather than with self -sufficient growth”.
Global ripple will appear
This controversy hit when Moody’s undressed the American last credit rating AAA, referring to debt concerns.
The IMF also reduced its US growth forecast to 1.8%, which partially accused policy uncertainty.
Dangerous clause (Section 899) allows 20%of the cash registers to foreign investors if their home country stores “unfair” taxes, the fear of movement experts could frighten global markets.
With the bill approaching the Senate vote, the Minister of Finance Scott Bessnt rejects critics and calls traditional forecasts “lagging indicators”.
(Tagstotranslate) Warning IMF
