Republicans Risk Fiscal Disaster With Trump Tax Bill, Millstein Says
Jim Millstein, former US Treasury chief restructuring officer and Guggenheim Securities co-chairman, says Republicans and President Donald Trump are risking a "fiscal disaster" by trying to advance their tax and spending package. The GOP bill appears to increase the budget deficit, but when tariff revenues and federal employment cuts are added, the net fiscal impact is smaller and potentially deficit-neutral, according to Bloomberg Intelligence. Millstein is on "Bloomberg Open Interest."
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