https://www.bloomberg.com/news/arti...es-4-000-wage-boost-through-corporate-tax-cut
Economic projection on wage/salary gains if tax corporate taxes are cut. Do you believe corps will use their new found profits to increase domestic employment at higher wages?
"Cutting the corporate tax rate to 20 percent, as President Donald Trump has proposed, would increase average household income by at least $4,000 a year, according to estimates in a White House study.
The study by Trump’s Council of Economic Advisers, released on Monday, says that kind of wage growth would take several years to go into effect, but it could eventually reach $9,000 a year. Other economists have previously questioned how beneficial such cuts would be for middle-income families.
The projection is based on the assumption that companies will be more inclined to invest in the U.S. with lower taxes, increasing the demand for workers and driving up wages. But some economists suggest that corporate executives would be more inclined to use a tax windfall to increase shareholders’ dividends, or to invest in automation that could limit the need for more workers in some industries."
Hopes and dreams based on a foundation of sand. Fairy tales may come true......
Economic projection on wage/salary gains if tax corporate taxes are cut. Do you believe corps will use their new found profits to increase domestic employment at higher wages?
"Cutting the corporate tax rate to 20 percent, as President Donald Trump has proposed, would increase average household income by at least $4,000 a year, according to estimates in a White House study.
The study by Trump’s Council of Economic Advisers, released on Monday, says that kind of wage growth would take several years to go into effect, but it could eventually reach $9,000 a year. Other economists have previously questioned how beneficial such cuts would be for middle-income families.
The projection is based on the assumption that companies will be more inclined to invest in the U.S. with lower taxes, increasing the demand for workers and driving up wages. But some economists suggest that corporate executives would be more inclined to use a tax windfall to increase shareholders’ dividends, or to invest in automation that could limit the need for more workers in some industries."
Hopes and dreams based on a foundation of sand. Fairy tales may come true......
