Designing a tax plan that will actually increase spending and therefore employment is really not all that difficult. All you have to do is meet two criteria:
1. The tax cuts must not be offset by spending cuts (or tax increases elsewhere).
2. The tax cuts must increase the incomes of those who will actually spend the money....Forbes — Pragmatic Economics
The Disastrous Trump Tax Plan
John T. Harvey | Professor of Economics, Texas Christian University
Also
The tax plan released by Republicans in Congress and praised by President Donald Trump is a remarkable document in many ways, but most notably in that it achieves the opposite of its stated goal. Presented as a tax cut for workers and job-creating entrepreneurs, it is instead a giant tax cut for the rich and inherited wealth.WCEG — The Equitablog
Republican tax plan slams workers and job creators in favor of the rich and inherited wealth
Emmanuel Saez and Gabriel Zucman | professors of economics at the University of California, Berkeley
2 comments:
It’ll help....
“It will very likely leave us worse off than when we started”
Write this one down... we’ll see...
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