Tax and Spin

“At 20 percent, we’re very, very competitive with the rest of the world. You’re going to see growth and you’re going to see jobs and you’re going to see really wages going up.” NPR: Republicans Propose Big Tax Cuts, But Target Popular Deductions.

+ CNN: What’s in the House tax bill?

+ WaPo: The state of the American tax system, in 8 charts.

+ “The basic idea is that while most economists believe corporate taxes are primarily paid by owners of capital (that is, people who own stock in corporations) in the form of lower profits, a sizable minority, including White House chief economist Kevin Hassett, think that a large share of the tax is paid by workers in the form of lower wages.” Vox: The House Republican tax bill, explained.

+ In other economic news, President Trump just nominated Jerome Powell to be the next Fed Chair.

Copied to Clipboard