U-M forecast: Wider deficits spur continued economic growth in US, Michigan despite high uncertainty
November 21, 2024
November 21, 2024
ANN ARBOR, Michigan, Nov. 21 -- The University of Michigan issued the following news:
Rising tariffs on Chinese imports and tax cuts for corporations and individuals are expected in the years ahead, though the revenue increases from the first are unlikely to offset revenue losses generated by the second, according to University of Michigan economists.
That could lead to slowing revenue growth and spiking federal deficits, the economists say in their annual U.S. economic . . .
Rising tariffs on Chinese imports and tax cuts for corporations and individuals are expected in the years ahead, though the revenue increases from the first are unlikely to offset revenue losses generated by the second, according to University of Michigan economists.
That could lead to slowing revenue growth and spiking federal deficits, the economists say in their annual U.S. economic . . .