Castle Investment Group founder Ken Griffin said that further tax cuts last year were mistakes made by US Congress Republicans and President Donald Trump. Griffin said in an interview at the Global Market Future Conference held in New York on Tuesday that the US government spent a lot of money during the pandemic and “we have no fiscal space to continue our tax reduction policy.” He pointed out that the US debt has exceeded 40 trillion US dollars. Griffin said that compared to spending increases, Republicans have had a bigger problem with tax cuts in the past two years. Griffin is a Republican financier, and his business empire includes hedge fund Castle Investments and market maker Castle Securities. The solution, he said, is to “let the economy grow vigorously,” while also allowing Europeans to drive economic growth. “The tariff war with Europe was a disaster,” Griffin said.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.