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Without a federal income tax, consumers would have more money available to put back into the economy.
This change would boost corporate profits and reward long-term investors.
Furthermore, Trumps victory prevented candidate Harris from raising corporate tax rates.
It also helps thatElon Musk is in charge of the Department of Government Efficiency.
He has also expressed enthusiasm for cryptocurrencies and accepted Bitcoin as a payment method for Tesla vehicles.
Reduced Federal Spending
Trump has promised to target federal spending and minimize the amount ofwasted taxpayer dollars.
This promise isnt just good for Americans, but great news for investors.
Reducing federal spending will help get national debt under control, and it can keep interest rates low.
Thats because reduced spending will lower the demand for borrowed money.
Companies arent going to fill the governments shoes, and the end result will be lower interest rates.
Lower interest rates allow corporations to borrow more money and expand operations.
Those rates also help real estate investors, as properties can appreciate quicker.
Higher property prices will help landlords raise their rents.
Lower oil prices can keep inflation in check as the Trump administration addresses excessive government spending.
Deregulation can increase production and innovation.
Cutting back on regulations can also increase jobs, which would increase consumer spending.
These developments can boost corporate revenue and profits, resulting in enticing long-term returns.
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