October 18, 2017

NPR’s Marketplace: Can You Convince Americans to Support Lower Corporate Taxes by Promising Them a Pay Raise?

media mention

Another reason Trump’s message may not land? Many economists don’t think that corporate tax cuts will lead to higher wages.

“It’s a pretty far-fetched claim,” said Matthew Gardner of the Institute on Taxation and Economic Policy. Gardner said the corporate tax cuts would likely mean bigger payouts for shareholders, but there’s no guarantee anything would trickle down to the workers.

Plus, he said that $4,000 promise to average American households would not happen right away. “[That] $4,000 is over eight years, which would be a pretty long time for Trump’s audience to wait,” he said. Read more