List of Flash News about tax cuts impact
Time | Details |
---|---|
2025-06-04 17:02 |
Trump Economic Agenda: CBO Report Reveals $3.7 Trillion Tax Cuts and $2.4 Trillion Debt Impact – Implications for Crypto Market
According to Fox News citing the Congressional Budget Office, Donald Trump's proposed economic agenda would cut taxes by $3.7 trillion and increase the national debt by $2.4 trillion. For traders, this significant fiscal stimulus could fuel short-term economic growth but raises concerns about long-term inflation and dollar devaluation, creating a potential bullish environment for cryptocurrencies as investors seek inflation hedges. The report's concrete figures may trigger increased crypto market volatility as participants react to the prospect of higher liquidity and debt, key factors historically correlated with Bitcoin and digital asset price surges. (Source: Fox News, Congressional Budget Office, June 4, 2025) |