Here’s why Republican tax cuts won’t create those promised jobs

2017-11-22 Morningstar and more

Washington’s Tax Cuts and Jobs Act would benefit shareholders and CEOs, not middle-class Americans, writes Howard Gold in Morningstar and more media. He quotes a study by Alexander Ljungqvist, NYU and affilaited to IFN: “We find little evidence that corporate tax cuts boost economic activity, unless implemented during recessions when they lead to significant increases in employment and income.”

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