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Tax cuts could create a boom, then a bust

November 1, 2017

Via: CNN
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President Trump argues the American economy “desperately” needs “massive” tax cuts. And there’s no question that Wall Street is pumped about it.

Others are less confident that adding expensive medicine to a healthy economy is such a wise idea right now.

Morgan Stanley warned in a report this week that enacting aggressive tax cuts to businesses and individuals risks “overheating” the economy and causing stocks to “boom then bust.”

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