Avatar feed
Responses: 5
SPC Douglas Bolton
2
2
0
PO2 Robert M. Death and taxes. The only sure things.
(2)
Comment
(0)
Avatar small
MCPO Roger Collins
2
2
0
Tax foundation

“Conclusion

The Tax Cuts and Jobs Act improved incentives to work and to invest, which are the factors that drive economic growth. This is why we anticipate the new law to have a positive, long-run effect on the economy.

The Tax Foundation Taxes and Growth model estimates that the total effect of the new tax law will be a 1.7 percent larger economy, leading to 1.5 percent higher wages, a 4.8 percent larger capital stock, and 339,000 additional full-time equivalent jobs.

These are not changes that happen overnight, but changes that will take years to manifest. It is tempting to keep asking that question, “Are we there yet?” The new law improved the competitiveness of U.S. businesses and increased incentives to work and invest in the United States, but these changes do not occur instantaneously. Therefore, it is imperative that we maintain patience and wait for this legislative achievement to boost economic output and wages, and avoid needless speedbumps along the way such as tariffs.”
(2)
Comment
(0)
PO1 H Gene Lawrence
PO1 H Gene Lawrence
>1 y
Someone who gets the picture.
(1)
Reply
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close