The House Republicans tax proposal focuses mostly on increasing business investment. Many critics of the bill think it should lean more heavily towards providing immediate tax relief to American families. Im not one of them.
Over the long term, individual income tax cuts wouldn’t do nearly as much for families as encouraging business investment, and the productivity and wage increases that come from it.
Other critics make a different argument: that the current economic climate renders the corporate tax cuts at the heart of the bill a poor way to stimulate business investment. Corporations are sitting on piles of cash, interest rates are low and the economy is close to full emplo…
Read the full article at: https://www.bloomberg.com/view/articles/2017-11-08/to-help-families-don-t-cut-their-taxes
