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Re: Pecker9Wood post# 436993

Wednesday, 11/15/2017 9:45:03 AM

Wednesday, November 15, 2017 9:45:03 AM

Post# of 799555

So how does the corporate tax cuts hurt other sectors? Anybody.


Number one way - is the added deficit causes inflation.
Congress has to limit the deficit increase, so is cutting deductions. Basically if you used to itemize your deductions, you lose.
Lowered incentive to own homes will reduce home prices - although many will argue that is a benefit.
Eliminating the obamacare mandate to help pay for the cut will decrease incentive to be responsible and buy insurance. This will hurt hospitals with more bills not being paid. Will hurt businesses by higher insurance premiums. Will hurt retail by higher insurance costs and more bankruptcies...

All small - probably each only hurts the economy a few percent. But they add up.

On the plus side - less people with insurance will help my stock in a funeral service provider. WIN!!!!