Pimco’s Gross: Tax Reform will help U.S. Economic Growth

Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said Thursday that tax reform in the United States would improve the nation’s economic growth.

“Growth depends on investment and investment in part depends on an equitable rebalancing of personal income taxes, capital gains and carried interest,” Gross said in his monthly letter to investors.

Gross also said that, by broadly increasing taxes, the United States could improve its competitive stance and “challenge more productive economies such as Germany and Canada.”

Reuters

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