Cutting Corporate Tax Rate to 20% Projected to Create 587,000 Jobs, Lift Wages and GDP
Posted By Ali Meyer On October 27, 2017 @ 5:00 am In Issues | No Comments
Cutting the corporate tax rate to 20 percent, as President Trump's plan proposes, is projected to create more than 587,000 full-time jobs, lift wages by more than 2.5 percent, and lift GDP by 3 percent, according to a report from the Tax Foundation.
The study found that reducing the corporate tax rate to this level would help Americans at every income level see their after-tax incomes increase by an average of $1,800.
URL to article:
http://freebeacon.com/issues/cutting-corporate-tax-rate-20-projected-create-587000-jobs-lift-wages-gdp/
