00:00It's Benzinga bringing Wall Street to Main Street.
00:03ARK Invest CEO Kathy Wood said President Trump's fiscal plan could spark an economic boom,
00:09calling the approach Reaganomics on steroids. She told investors the one big beautiful bill
00:14makes tax cuts retroactive to accelerate growth and highlighted provisions cutting taxes on tips,
00:20overtime pay and social security benefits. Wood said doubling the salt deduction cap to $20,000
00:26and broader tax relief could lift real disposable income at an annualized pace of roughly 8%.
00:31She said tariff revenues have already reduced the budget deficit by about $350 billion and expects
00:38the economy to shift from a rolling recession to a rolling recovery. She said these fiscal moves will
00:44support markets into year end and set the stage for 2026. For all things money, visit Benzinga.com.
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