Can any explain Trump's claim that a cut in the corporate tax rate from 35 percent to 20 percent would boost incomes of U.S. workers by at least $4,000 a year?
The White House Council of Economic Advisers put out a paper this week that says:
"Reducing the statutory federal corporate tax rate from 35 to 20 percent would, the analysis below suggests, increase average household income in the United States by, very conservatively, $4,000 annually."
I suppose that if you average all of the households in America, and include the millions of dollars that the CEOs from corporations will get as well as the $0 that everyone else gets, it might average out to $4,000.
But I don't see any way that my household income will increase by $4,000.
At this point, Trump is a liar until someone can come forward and prove that he is not.
The White House Council of Economic Advisers put out a paper this week that says:
"Reducing the statutory federal corporate tax rate from 35 to 20 percent would, the analysis below suggests, increase average household income in the United States by, very conservatively, $4,000 annually."
I suppose that if you average all of the households in America, and include the millions of dollars that the CEOs from corporations will get as well as the $0 that everyone else gets, it might average out to $4,000.
But I don't see any way that my household income will increase by $4,000.
At this point, Trump is a liar until someone can come forward and prove that he is not.