3 ms·
The growth and employment numbers were already rising when Trump became president, so how would his tax cuts be responsible for this? Plus, cuts in taxes for t
by ionised 8y ago
The growth and employment numbers were already rising when Trump became president, so how would his tax cuts be responsible for this?
Plus, cuts in taxes for the wealthy have been tried numerous times before and not produced economic growth, so why would these ones be different?
- s_y_n_t_a_x 8y agohttps://twitter.com/WhiteHouseCEA/status/1039233346436562945 https://twitter.com/WhiteHouseCEA/status/1039233346436562945 The corporate tax cuts and de-regulation allow businesses to expand. This results in higher employment and wages. And it wasn't just a tax cut for the wealthy, most Americans received a lower tax rate, the exception being some deductions like state tax (which was arguably unfair to states that don't have an income tax). The corporate tax cut put us on a fair playing field with the rest of the world, allowing businesses to come back home (that and the one time tax on bringing money overseas back). https://twitter.com/WhiteHouseCEA/status/1101587623305465857 https://twitter.com/WhiteHouseCEA/status/1101587623305465857