redstate
Posted at 1:00 pm on October 16, 2017 by Dan Spencer
[excerpt]
https://www.redstate.com/california_yankee/2017/10/16/corporate-tax-cut-to-boost-wages-4000-to-9000/President Donald J. Trump’s Council of Economic Advisors, released a study on Monday arguing that President Trump’s plan to cut the corporate tax rate from 35 percent to 20 percent would “very conservatively” increase average household income by $4,000 per year:
Reducing the statutory federal corporate tax rate from 35 to 20 percent would, the analysis below suggests, increase average household income in the United States by, very conservatively, $4,000 annually. The increases recur each year, and the estimated total value of corporate tax reform for the average U.S. household is therefore substantially higher than $4,000. Moreover, the broad range of results in the literature suggest that over a decade, this effect could be much larger.
Those more optimistic estimates suggest that average household income would increase by more than $9,000 per year.
