Economic Growth - The economy is reportedly growing at nearly 4%, contrasting with the Federal Reserve and Congressional Budget Office's estimates of 1.5% to 1.6% [1][2] - The Atlanta Fed has projected a growth rate of 3.9% for the quarter ending in September [2] Tax and Regulatory Policies - The discussion emphasizes the effectiveness of lower tax rates, particularly on investors, in driving economic growth [3][4] - The implementation of the 2017 tax cuts is highlighted as a significant factor in the current economic performance [8] Business Investment - Business investment is growing faster than consumption, indicating a positive trend in production and supply-side policies [6][14] - The GDP report shows that the information technology and intellectual property sectors are growing at 15% annually [19] Inflation and Price Trends - The GDP deflator was reported at 2.1%, aligning with the Federal Reserve's target rate, suggesting manageable inflation levels [12][13] - The PCE deflator was reported to be under 3%, indicating no significant inflation concerns [11] International Competitiveness - The importance of avoiding double taxation on American companies is stressed, as it could hinder growth and competitiveness [17] - The administration's stance against imposing a global minimum tax is seen as crucial for maintaining a favorable tax environment for U.S. businesses [16]

Double taxation refers to income taxes paid twice on the same income source. It occurs when income is taxed at both the corporate and personal level, or by two nations. https://t.co/8b9dD6Y3sI ...