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A simpler tax code & lower effective rates help American businesses compete on merits. American workers, small business owners, & shareholders under @POTUS's #TaxReform are only poised to succeed.
See my full remarks from today's House @FinancialCmte here:https://youtu.be/DPCCgrvztx0
It is in all Americans’ interest to be supportive of policies that help increase the amount of workers and the productivity of their work. That is where capital should flow - to the places it can be most productive. We should avoid picking winners and losers here in Washington.
Unemployment is at a 50 year low, wage growth exceeds inflation by a considerable amount, and the last quarterly GDP exceeded a 3% growth rate. It’s a great time to be an economist in America! Nothing but good news since #TaxReform!
Good thing that hasn’t been true at all according to literally every analysis of the last year. The ‘tax reform bonuses’ Trump trumpeted keep shrinking Worker bonuses shrunk 24% in the last year, the largest decrease since at least 2005.https://thinkprogress.org/tax-reform-bonuses-trump-trumpeted-keep-shrinking-407936651431/ …
Top Republican admits the GOP tax bill was mostly a lie Rep. Brady was one of the authors of the tax bill.https://thinkprogress.org/kevin-brady-gop-tax-bill-deficit-149f49bd7895/ …
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