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Did you mean to say: ". . . agree that cutting the corporate tax cut would have a NET good economic effect"? First, the new tax law does far more than cut corp
by hsitz 9y ago
Did you mean to say: ". . . agree that cutting the corporate tax cut would have a NET good economic effect"?
First, the new tax law does far more than cut corporate taxes.
Second, whether cutting corporate taxes is good or bad thing depends strongly on the size of the cut.
Third, if you mean to imply that the majority of academic economists agree that the new tax laws will have a net beneficial effect for the economy over the long term, then I'm pretty sure you're flat out wrong.
- bassman9000 9y agoWhile there is uncertainty and debate regarding the extent to which lowering statutory corporate taxes to 20 percent might boost worker wages, the CEA’s claim that workers’ income would rise by $4,000 to $9,000 is well above the top of the range of consensus estimates. https://www.pbs.org/newshour/economy/analysis-would-cutting-corporate-taxes-raise-incomes-for-workers https://www.pbs.org/newshour/economy/analysis-would-cutting-...
- bassman9000 9y agoAnd a different view https://taxfoundation.org/what-evidence-taxes-and-growth https://taxfoundation.org/what-evidence-taxes-and-growth Nearly every empirical study of taxes and economic growth published in a peer reviewed academic journal finds that tax increases harm economic growth.
- croon 9y agoA different view from a Koch funded libertarian climate change denying think tank.