The new tax form will replace the current 1040, 1040A, and 1040 EZ. Reduced from a two page-79 line form to a two sided-22 line document. Read the details here.
With a 10 year average GDP growth rate of 1.42% (2008-2017), the Atlanta Fed GDPNow is forecasting a second quarter GDP track of 4.80%!
Brian Wesbury, chief economist for First Trust Advisors, along with his deputy Bob Stein, have been named the co-winners of Forecaster of the Month by MarketWatch. Based on his "Five Pillars" philosophy, they see 3% growth in the economy and a 15% gain in the stock market. His Five Pillars are monetary policy, tax policy, spending policy, regulation policy, and trade policy. Read the full report at MarketWatch here.
