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Cathie Wood said Trump’s fiscal plan could ignite a major economic boom, calling it “Reaganomics on steroids,” with retroactive tax cuts, higher SALT caps, and reduced taxes on tips, overtime, and Social Security aimed at boosting disposable income. She expects tariff revenue and fiscal stimulus to shift the economy from recession to recovery heading into 2026.

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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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