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  • Economic Growth Does Not Pay For Tax Cuts (And Tax Cuts Do Not Increase Wages)

    Authored by Kel Kelly via Mises Canada,

    With President Trump’s proposed tax cuts on the table, the conservatives are making their traditional argument that increased government revenues from increased economic growth will offset reduced tax receipts from lower tax rates, and will prevent the budget deficit from increasing. Tax cuts pay for themselves, they argue. Tax cuts do grow the economy, but they do not pay for themselves.

    There is a virtual consensus among some commentators that this is...


  • Where's mine? Workers wonder if Trump tax cut will trickle down

    Donald Trump says his corporate tax cuts are setting off a domino effect that will finally end the long, lean years for American wage-earners. More than a million workers at companies from AT&T to Comcast already got their payout, the president said this week. There's more to come, Trump said,...


  • Kudlow: Tax Bill Will Cut Deficit and 'Pay for Itself'

    Economist and CNBC contributor Larry Kudlow praised the GOP’s tax legislation Sunday on New York AM 970 radio’s “The Cats Roundtable,” saying he has “never seen anything” like the response by major corporations to increase wages, bonuses or increasing investments. “[W]e are on the front end of a major business investment boom. And that boom is going to carry economic growth faster, it’s going to create more jobs, it’s going to create more wages,” Kudlow told host John Catsimatidis. He added,...