Taxes are way too complicated and people spend way too much time worrying about ways to get them lower. That's another big part of this in simplifying taxes. So, the revenues will be offset on the other side. So, we think by cutting corporate taxes we'll create huge economic growth. OK? And the main component is obviously personal income and personal taxes. Mnuchin: I would first just say that corporate taxes are one component of revenues to the government. I don't know if you think that is a possibility. Sorkin : We had a guest on earlier in the morning, a Washington analyst who was suggesting they thought that the conversation would start at 15 percent and potentially could creep up. Kernen : Is it possible, Andrew, to get to 15 percent? Mnuchin: We're going to get to 15 percent and bring a lot of cash back into the U.S. Kernen : Where do you think you can get to on that? We're going to cut corporate taxes, which will bring huge amounts of jobs back to the United States. Wilbur and I have worked very closely together on the campaign. We've talked about this during the campaign. This will be the largest tax change since Reagan. And to get there our number one priority is tax reform. Mnuchin: No, I think i t's seasonally adjusted this quarter but I believe we can have sustained growth at that level. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower The Cedear dollar traded at above 305 pesos on Tuesday.Best Debt Consolidation Loans for Bad Credit.The retail card dollar and the blue dollar traded at 280 pesos.The savings dollar was traded at 259.05 pesos.The official retail dollar climbed to 157 pesos, according to Banco Nación. The wholesale dollar closed Tuesday at 150.69 pesos.Following the end of the export stimulus program, the ‘soy dollar’ returned on Tuesday to levels below 100 pesos, becoming once again the cheapest US dollar on the market.‘The latter was created as opposed to the ‘big-face dollar’, as the bills issued by the Federal Reserve of the United States since 1996 are called, and which have enhanced security measures. The country’s economy minister, Sergio Massa, is working on a new currency exchange scheme for the knowledge economy, with a plan to be unveiled on October 3įinally, other exchange rates arising from transactions in the informal market are referred to as the ‘friendly dollar’, which consists of splitting the difference between the purchase price and the sale price of the currency, or the ‘small dollar”' The Frente de Todos coalition, which makes up the current government, took office in December 2019 with an exchange rate gap of 10%, with the official dollar at 62.91 pesos, while the blue dollar was traded at 69.25 pesos. However, in the last quarter of 2019 the exchange rates re-emerged with the implementation of a new exchange rate ceiling to contain the strong outflow of dollars from banks following the primary elections. With the investiture of former president Mauricio Macri in 2015 and the elimination of exchange controls, the parallel exchange rates disappeared. During the second term (2011-2015) of the Cristina Fernández de Kirchner (and who is the current vice president), parallel exchange rates, such as the blue dollar, the MEP dollar or cash liquidation, were implemented. Multiple exchange rates are not exclusive to the current administration, however. The need to apply strict control over the outflow of US dollars, in view of the shortage of reserves in Argentina’s central bank’s (BCRA) coffers, led to the implementation of the new exchange rates, and which now total 15. Between January and February the price of basic foodstuffs rose by 13.5%, and the CPI by 8.8%
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