These goals include but are not limited to providing support for individuals and groups who have been economically harmed by the pandemic, combating climate change, making infrastructure investments, and providing Social Security and Medicare benefits to a growing population of retirees. ![]() With a new administration in place, President Biden has communicated his intention to pursue multiple sweeping goals simultaneously. The Federal deficit reached an estimated $4 trillion, representing a year-over-year increase in government spending of 43%. President Trump also oversaw the most significant fiscal expansion in U.S. Reminiscent of President Johnson's 1964 tax cuts, President Trump signed a large tax cut in 2017, even while the economy was growing at a reasonable rate and unemployment was low. ![]() Government Spending, Year-over-Year Percentage Change Pekin Hardy Strauss Wealth Management
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