Director Of The National Economic Council Of The U.S. Brainard Says It Should Not Cost Hundreds Of Dollars To Prepare Taxes, Expect Direct File To Become More Widely Available
Portfolio Pulse from Benzinga Newsdesk
Director of the National Economic Council, Brainard, stated that preparing taxes should not be expensive and anticipates the Direct File system to become more accessible.
May 10, 2024 | 3:26 pm
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While SPY, an ETF that tracks the S&P 500, is not directly impacted by tax preparation costs, broader economic policies that make tax filing more accessible could influence overall market sentiment and consumer spending.
SPY's relevance to the news is indirect. Economic policies that reduce the cost of tax preparation could leave consumers with more disposable income, possibly leading to increased spending and investment. However, the direct impact on SPY is minimal as it reflects the broader market performance and not specific to tax preparation services.
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RELEVANCE 30