(THREAD) This important moment of honesty highlights the big problem with the Republican tax plan. It's designed as if the biggest problem in the US economy is that corporations and wealthy individuals don't have enough money, and therefore aren't investing. But that's not true.https://twitter.com/nataliewsj/status/930477112808628226 …
Good article. I agree with most of it (especially in the conclusion) though I think you and some of the analysts you cite underestimate the degree to which these factors vary with macroeconomic conditions.
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Also, though I didn't specify in this thread, the arguments for corporate tax cuts are much stronger than for upper income tax cuts and especially for estate tax repeal. The former will spur some investment, even under these macroeconomic conditions. But the latter will do little
Thanks. Twitter will use this to make your timeline better. UndoUndo
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