Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Cathie Wood Urges Trump to Speed Up Tax Cuts – Will He Take Action on Day 1?

theguru Views  

Cathie Wood
Cathie Wood

Cathie Wood, CEO of Ark Invest, has called on President-elect Donald Trump to implement promised tax cuts swiftly, urging the administration to apply them retroactively starting January 1, 2025.

In an interview with Reuters on Monday, Wood explained that retroactive tax cuts would help accelerate economic growth and provide much-needed certainty for businesses and individuals. She emphasized that this move would benefit the market by giving clarity and confidence in the economy.

Trump’s campaign promises included lowering corporate taxes for companies manufacturing in the U.S. and extending personal tax cuts that expire next year. Wood believes that making these cuts retroactive would be a crucial step in boosting the economy.

“I see them saying, okay, we’re going to cut taxes, but we will make them retroactive to January 1, 2025. That would be very helpful, I think, in terms of providing certainty for the markets,” Wood said.

Trump is scheduled to take office on January 20. On his first day as president, he is expected to issue at least 25 executive orders covering various issues, including immigration and tariffs.

Executive orders are powerful administrative tools that allow the U.S. president to implement federal policies or clarify the application of existing laws without requiring new legislation.

Traditionally, executive orders issued on Inauguration Day serve as significant political statements, signaling change and a fresh start for the American public and the international community.

theguru
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Scabies in the Dorms? Here’s How Fast It Can Spread

    LIFESTYLE 

  • 2
    Drank Last Night? Here's Why Skipping the Gym Might Be Smarter

    LIFESTYLE 

  • 3
    Think Twice Before Adding Water to Your Shampoo Bottle—Here’s Why

    LIFESTYLE 

  • 4
    Can Balancing Blood Sugar Help You Lose Weight? Here's Why it Matters

    LIFESTYLE 

  • 5
    Scientists Find Brain Switch That Could Help Reverse Memory Loss

    LIFESTYLE 

Popular Now

  • 1
    Hugh Jackman Did It for Wolverine. Can You Do It for Your Waistline?

    LIFESTYLE&nbsp

  • 2
    Fake Beer, Real Buzz? What to Know Before You Sip That Zero-Proof Brew

    LIFESTYLE&nbsp

  • 3
    Trump Drops 20 Pounds but Still Loves His Fast Food

    LIFESTYLE&nbsp

  • 4
    New Blood Test Could Spot Alzheimer’s Early—With 92% Accuracy

    LIFESTYLE&nbsp

  • 5
    Study Finds Link Between Irregular Heartbeat and Early Dementia

    LIFESTYLE&nbsp

Must-Reads

  • 1
    Scabies in the Dorms? Here’s How Fast It Can Spread

    LIFESTYLE 

  • 2
    Drank Last Night? Here's Why Skipping the Gym Might Be Smarter

    LIFESTYLE 

  • 3
    Think Twice Before Adding Water to Your Shampoo Bottle—Here’s Why

    LIFESTYLE 

  • 4
    Can Balancing Blood Sugar Help You Lose Weight? Here's Why it Matters

    LIFESTYLE 

  • 5
    Scientists Find Brain Switch That Could Help Reverse Memory Loss

    LIFESTYLE 

Popular Now

  • 1
    Hugh Jackman Did It for Wolverine. Can You Do It for Your Waistline?

    LIFESTYLE 

  • 2
    Fake Beer, Real Buzz? What to Know Before You Sip That Zero-Proof Brew

    LIFESTYLE 

  • 3
    Trump Drops 20 Pounds but Still Loves His Fast Food

    LIFESTYLE 

  • 4
    New Blood Test Could Spot Alzheimer’s Early—With 92% Accuracy

    LIFESTYLE 

  • 5
    Study Finds Link Between Irregular Heartbeat and Early Dementia

    LIFESTYLE