Posted on Jan 17, 2017
Understanding the Republicans’ corporate tax reform | Brookings Institution
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Posted 8 y ago
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A very good review. While it's always difficult to predict how much internal US business growth these proposed changes would create, it's pretty clear with the disincentives to profit removed and incentives to keep US production here, there would be more small and large businesses starting and staying in the US. And that growth of internal production isn't included in the macro-econ analysis here. The $900B 10 year drop in revenue assumes business growth at current rates. I think long-term effects will be more positive than negative.
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All I know is that we (US Govt)need to start taking in more than we spend.
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