Quote:
Originally Posted by spence
https://www.bloomberg.com/news/artic...ward-investors
So there appears to be few economists who think this tax plan will grow the economy, the independent congressional analysis says it's going to add to the deficit, the Treasury department may have lied about it's analysis and CEO's plan to use the windfall to benefit shareholders.
What a victory for the Republicans.
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"appears to be few economists who think this tax plan will grow the economy"
when you poll Marxists only, that's probably true. I wonder what those same economists said about the Clinton/Gingrich tax cuts.
Spence, tell me where this statement is wrong, please...
Corporate income taxes are the cost of corporate income. When the cost of income decreases, the demand for income will increase. Some corporate projects might not make economic sense to undertake at a tax rate of 35%, but would make perfect sense at a tax rate of 20%.
Finally, returning some income to the owners of the company as dividends, doesn't help the economy? Unless they bury that money in their yards or burn it, they will use it in ways that cannot fail to help the economy.
"few economists who think this tax plan will grow the economy"
Finally, there is this...just the talk about the possibility of tax cuts, has helped push the stock market up. That hasn't helped the economy? Really?