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‘The era of tax cuts is over’: The wealthy US ‘investor class’ will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says

The “investor class” that reaped the benefits of President Donald Trump’s 2017 tax cut will likely pay for much of the government’s coronavirus stimulus, Jim Millstein, co-chairman at Guggenheim Securities, said Monday. The national deficit is expected to quadruple to $US3.8 trillion in 2020, according to a federal watchdog agency. […]
‘The era of tax cuts is over’: The wealthy US ‘investor class’ will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says