PIMCO Head of US Public Policy Libby Cantrill joined Market Domination to discuss Trump's proposed tax policies for 2025.
Cantrill emphasized that the individual tax cuts set to expire at the end of 2025 will likely be extended. "There's just way too much on the line for members of Congress and President Trump to let the economy go over that fiscal cliff," she stated.
While highlighting potential policy directions like decreasing corporate taxes, raising the SALT cap, and eliminating taxes on tips, Cantrill cautioned about implementation challenges. "This is where the proverbial rubber will meet the road," she noted, pointing out that the slim Republican majority in the House and Senate could complicate policy execution.
"I think the rhetoric is making the market happy, but the reality might be quite different when push comes to shove," Cantrill told Yahoo Finance.
Watch the video above to hear Cantrill's view on how cutting taxes has impacted government revenue.
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This post was written by Angel Smith