White House paper: Corporate tax cut would boost wages | TheHill
The White House on Monday is rolling out a paper arguing that the GOP’s plan to slash the corporate tax rate from 35 percent to 20 percent would “very conservatively” increase average household income by $4,000 per year.
“By inducing higher capital investment, reductions in corporate tax rates increase the demand for workers and heighten their productivity,” President Trump’s Council of Economic Advisers (CEA) said in the paper.
The paper had been expected after Trump, citing the CEA, touted the $4,000 figure in a speech on taxes last week in Pennsylvania.
“About a $4,000 amount of money addi