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2.63 MB
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People
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Quotes
Document Information
Type:
Presentation slides / financial analysis report
File Size:
2.63 MB
Summary
This document consists of two slides from a financial presentation by KPCB (Kleiner Perkins Caufield & Byers), likely authored by Mary Meeker, analyzing the US economy under the metaphor 'USA Inc.' The slides discuss the difficulty of covering expenses through tax hikes alone, arguing that raising income tax rates to break-even levels would be 'draconian' and harm GDP. It proposes that economic growth is the key solution, presenting CBO data showing that small increases in GDP growth (0.1% to 2%) could significantly reduce the federal budget deficit by hundreds of billions to trillions of dollars between 2011 and 2020.
Organizations (3)
Locations (1)
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Relationships (1)
KPCB
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Analyst/Subject
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USA Inc.
KPCB logo on slides analyzing 'USA Inc.'
Key Quotes (4)
"It’s Easy to Gripe About USA Inc.’s High Expense Levels... That Said, High Expenses Could be Covered by High Revenue"Source
HOUSE_OVERSIGHT_021020.jpg
Quote #1
"USA Inc. would have needed to raise individual income tax rates by ~2x across-the-board to an average of ~26-30% (from ~13%) of gross income. This certainly seems draconian."Source
HOUSE_OVERSIGHT_021020.jpg
Quote #2
"A material portion of GDP growth over the past few decades was driven by rising consumption aided by rising leverage and we have now entered a period of de-leveraging."Source
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Quote #3
"If Real GDP Grows 0.1 Percentage Point Faster Than Current CBO Projection For F2011-F2020E, the Budget Deficit Could Shrink by 5% Without Other Policy Changes"Source
HOUSE_OVERSIGHT_021020.jpg
Quote #4
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