Report: GOP Tax Framework Could Raise GDP By 5%, Wages By 7%
Economists say tax reform could help every generation due to higher wages and return on investment
BY: Ali Meyer
October 22, 2017 5:00 am
President Donald Trump's tax reform framework could raise GDP by as much as 5 percent and wages by as much as 7 percent, according to a new study from Boston University economists.
"We find that, depending on the year considered, the new Republican tax plan raises GDP by between 3 and 5 percent and real wages by between 4 and 7 percent," the economists explain. "This translates into roughly $3,500 annually more annual real take-home pay for the average American household."
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http://freebeacon.com/issues/report-gop-tax-framework-raise-gdp-5-wages-7/
