HOUSE_OVERSIGHT_021019.jpg
1.33 MB
Extraction Summary
0
People
5
Organizations
1
Locations
0
Events
0
Relationships
4
Quotes
Document Information
Type:
Presentation slides / government exhibit
File Size:
1.33 MB
Summary
Two slides from a KPCB presentation titled 'USA Inc. | What Might a Turnaround Expert Consider?', pages 355 and 356. The slides analyze US economic strategy, arguing that GDP growth is the primary driver of federal revenue (85% correlation) and proposing a focus on sustainable growth and tax policy changes. The document bears a 'HOUSE_OVERSIGHT_021019' stamp, indicating it was part of a document production for a House Oversight Committee investigation.
Organizations (5)
Locations (1)
| Location | Context |
|---|---|
Key Quotes (4)
"Drive Sustainable Economic Growth + Change Tax Policies"Source
HOUSE_OVERSIGHT_021019.jpg
Quote #1
"Tax subsidies / expenditures are losses to the U.S. Treasury from granting certain deductions, exemptions, or credits"Source
HOUSE_OVERSIGHT_021019.jpg
Quote #2
"GDP Growth = Biggest Driver of Federal Revenue Growth…& 85% Correlation"Source
HOUSE_OVERSIGHT_021019.jpg
Quote #3
"1940 – 2009 Historical Correlation Between USA Real GDP Y/Y & Real Federal Receipts Y/Y = 85%"Source
HOUSE_OVERSIGHT_021019.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,369 characters)
Focus on Revenues –
Drive Sustainable Economic Growth + Change Tax Policies
Drive Sustainable Economic Growth + Change Tax Policies
2
Focus on
Revenues
Revenues
Drive Sustainable
Economic
Growth
Economic
Growth
Invest in Technology / Infrastructure / Education
Increase / Improve Employment
Improve Competitiveness
Consider
Changing Tax
Policies
Changing Tax
Policies
Review Tax Rates
Reduce Subsidies / Tax Expenditures* /
Broaden Tax Base
Broaden Tax Base
Note: *Tax subsidies / expenditures are losses to the U.S. Treasury from granting certain deductions, exemptions, or credits (such
as those on mortgage interest payments and employer-sponsored health insurance payments) to specific categories of taxpayers.
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 355
as those on mortgage interest payments and employer-sponsored health insurance payments) to specific categories of taxpayers.
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 355
GDP Growth =
Biggest Driver of Federal Revenue Growth…& 85% Correlation
Biggest Driver of Federal Revenue Growth…& 85% Correlation
1940 – 2009 Historical Correlation Between USA Real GDP Y/Y
& Real Federal Receipts Y/Y = 85%
& Real Federal Receipts Y/Y = 85%
60%
Real GDP Y/Y vs. Real Federal Receipts Y/Y
-- Linear Trendline (y=2.77x-0.0438, R^2=0.73)
Real GDP Y/Y vs. Real Federal Receipts Y/Y
-- Linear Trendline (y=2.77x-0.0438, R^2=0.73)
Real Federal Receipts Y/Y (%)
40%
40%
20%
0%
-5%
0%
5%
10%
15%
20%
25%
-5%
0%
5%
10%
15%
20%
25%
-20%
Real GDP Y/Y (%)
Real GDP Y/Y (%)
2010E – 2019E
If Real
GDP
Y/Y is
GDP
Y/Y is
Real Federal
Revenue
Could Grow…
Revenue
Could Grow…
5%
7%
4
5
3
2
2
0
1
-2
0
-4
-1
-7
-2
-9
-3
-11
-4
-13
-5
-16
7%
4
5
3
2
2
0
1
-2
0
-4
-1
-7
-2
-9
-3
-11
-4
-13
-5
-16
Current Consensus
GDP Forecasts
GDP Forecasts
KP
CB www.kpcb.com
Data source: White House Office of Management & Budget (1940 – 2009).
USA Inc. | What Might a Turnaround Expert Consider? 356
CB www.kpcb.com
Data source: White House Office of Management & Budget (1940 – 2009).
USA Inc. | What Might a Turnaround Expert Consider? 356
HOUSE_OVERSIGHT_021019
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document