Post #1174198
2025-01-14 17:53 UTC
Trump's TCJA tax-cuts for corporations and the rich do not appear to have achieved their claimed purpose of significantly increasing aggregate investment, according to a Brookings Institute analysis. Thus, "moderately raising the corporate tax rate would not adversely affect the economy" and "Cutting the tax rate even more now would create substantial federal revenue losses that largely finance windfall gains to business owners who have already made investments."
https://www.brookings.edu/articles/how-much-did-tcja-raise-investment/
Replies (1)
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@yb666666888888@mastodon.social 2025-02-17 04:26
@bobwyman Looks like the TCJA didn't live up to the hype, huh? The whole idea was that tax cuts for corporations and the wealthy would boost investment, but it didn't work out as well as promised. It's kind of like handing out candy to everyone and not seeing many takers. Now, raising the corporate tax rate a little bit probably won't hurt the economy and will help the government recoup some of the lost revenue.