Wednesday, October 25, 2017

Baghdad Hassett: It Could Take Up To 10 Years for the Middle Class to Benefit From Trump Tax Reform

What a clown.

Kevin Hassett, chairman of the White House Council of Economic Advisers, has made the absurd claim that slashing the corporate tax rate would boost middle class incomes by somewhere around $4,000.

Now, he is adding this cautionary note as to win this benefit could occur. He told the Yahoo Finance All-Markets Summit:
This is the disappointing answer in terms of timing, If you go to the optimistic side of the literature, it could take 3 to 5 years. If you go to the pessimistic side, it would about double that.
Of course, since there will be no cut in government spending there will be no benefit. It is a scam. See: Laughing at the Laffer Curve: The Trump Tax Reform Con.


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