ECON 2020 Lecture Notes - Lecture 20: Yield Curve, Monetary Base, Federal Funds
Document Summary
Tax side: +. 3 trillion increase (2017 - 2027, + trillion (next decade, federal income tax. 10%,15%, 25% and 28% tax bracket increase by 2. 2% 39. 6% increase to 54. 2: payroll tax. Cap - ,500(employee and employer each pay 6. 2% up to cap: he would raise cap to ,000. Rate: employee 6. 2% increase to 6. 4, employer 6. 2% increase to 6. 4% + 6. 2% (12. 6%, capital gains (ex. stocks) + 10% surtax: additional taxes he would add. Carbon tax (gas, transportation, groceries: incomes below ,000 would get a rebate for carbon tax, overall. Average annual tax increase ,000 per household. Average after tax decrease disposable income by 12% Spending side: health care (gov provide free healthcare for all citizens, free college, infrastructure spending (roads, buildings. Fed is concerned about an increase in the in ation rate: threshold about 2% in ation, lag in policy of about 6 months (looking ahead to late 2016 and early 2017)
