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Daily Tax Report: International

Mnuchin Touts Tax Cuts With Davos Finale Endorsing Fiscal Boost

Jan. 24, 2020, 12:25 PM

Top financial officials from the major global economies used the World Economic Forum in Davos to tout the benefits of government spending as a way to lift growth out of its funk and reduce reliance on overloaded central banks.

U.S. Treasury Secretary Steven Mnuchin labeled the U.S. as a “bright spot” in the world and attributed that to President Donald Trump’s tax cuts -- along with his rollback of regulations and his trade deals. Bank of Japan Governor Haruhiko Kuroda said his nation, where fiscal and monetary policies are aligned, is seeing “very strong” business investment.

WATCH: Mnuchin comments on the outlook for the U.S. economy.
Source: Bloomberg

The International...

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