Your money and the presidential election

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AUSTIN (KXAN) — Will we have to worry about our money when it comes to this November’s presidential election? Mickey Powell of Powell Financial Partners joins KXAN News Today to talk about new research.

Key points from the International Monetary Fund:

  • Regardless of which party wins the White House, there is the potential for economic growth between 2017 and 2018
  • Applies whether candidates choose tax cuts or more spending
  • Candidates have a fiscal policy weapon up their sleeves:
    • If there is an economic downturn, the multiplier is 1.8x
    • If stimulus is in place during an economic expansionary period, multiplier effect is less but still .8x growth provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

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