Eventual Spending Cuts or Tax Increases to Pay for Corporate Rate Cuts Could Leave Most Workers Worse Off
August 16, 2017
August 16, 2017
WASHINGTON, Aug. 16 -- The Center on Budget & Policy Priorities issued the following news release:
To sell their tax policies as helping workers, Trump Administration officials claim that the bulk of the benefits from cutting the corporate tax rate by more than half, to 15 percent -- a centerpiece of President Trump's tax plan -- would flow to workers and raise their wages.[2] In particular, Treasury Secretary Steven Mnuchin has repeatedly argued that the Administration's " . . .
To sell their tax policies as helping workers, Trump Administration officials claim that the bulk of the benefits from cutting the corporate tax rate by more than half, to 15 percent -- a centerpiece of President Trump's tax plan -- would flow to workers and raise their wages.[2] In particular, Treasury Secretary Steven Mnuchin has repeatedly argued that the Administration's " . . .