Monday, November 20, 2017

Forbes op/ed on Repugnantan tax plan

This is from Stan Collender, who has served on the House and Senate Budget Committees.

"If it's enacted, the GOP tax cut now working its way through Congress will be the start of a decades-long economic policy disaster unlike any other that has occurred in American history. There's no economic justification whatsoever for a tax cut at this time. U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered full employment), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.