Wednesday, November 8, 2017

John T. Harvey — The Disastrous Trump Tax Plan

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

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


Matt Franko said...

It’ll help....

Matt Franko said...

“It will very likely leave us worse off than when we started”

Write this one down... we’ll see...