It’s an election year, and many wonder what the outcome could mean for the expiring tax cuts.
SEIA financial advisor, Gene Balas, recently caught up with InvestmentNews to share his insights on the critical economic challenges the next president may face. Balas says, “The next president will face a burgeoning federal deficit and debt, which should be a limiting factor on tax cuts. It depends on how the math works in terms of having a sustainable budget. I don’t know if you can grow your way out of a budget deficit by cutting taxes.”
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