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Inside the Economy: The Plan for Spending and Excessive Savings

By April 5, 2021April 6th, 2021No Comments

This week on “Inside the Economy”, we examine the future of individual and government spending. Personal income has seen a boost in the last year, thanks to unemployment benefits and government stimulus. President Biden has released details for a $2 trillion dollar infrastructure plan. Where does he plan to spend the most money? Which tech giant has added over half a million jobs in the last year? Tune in to hear about all of this and more!

Key Takeaways:

  • GDP numbers continue to slowly increase
  • Biden’s Infrastructure plan includes spending $620 billion on transportation, with a large allotment to electric vehicles
  • Corporate profits continue to grow
  • In the last year, Amazon hired more employees than 136 other top companies combined
  • Corporate taxes are relatively low, but most likely will see an increase

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