Marc Rowan, C.E.O. of Apollo Global Management, has devised a comprehensive budget plan aiming to reshape the U.S. economy, focusing on fiscal responsibility. His strategy, which he helped develop at the Wharton School, advocates cutting taxes while eliminating exemptions, revising capital gains and implementing a carbon tax. It could significantly impact the federal budget, projecting a 38% reduction in debt and a notable increase in GDP and wages by 2054. With growing debt concerns, his insights may play a crucial role in the upcoming budget discussions.
Rowan's proposed budget model promotes cutting taxes while eliminating exemptions, adjusting capital gains taxes, implementing a carbon tax, and revising immigration and healthcare policies.
The Penn Wharton Budget Model, which Rowan endorses, suggests it could reduce federal debt by 38% and increase GDP by 21% by 2054.
Collection
[
|
...
]