In my latest post for US News & World Report’s Economic Intelligence, I discuss how Republicans’ claims that their tax cuts will give American workers a large pay raise don’t stand up to scrutiny. Here’s the gist:
President Donald Trump says Republican proposals to cut corporate taxes will give the average American household a $4,000 pay raise. That figure — which House Speaker Paul Ryan also highlighted . . . — comes from the President’s Council of Economic Advisers. Appropriately, however, tax policy experts have greeted that CEA finding with considerable skepticism, or worse.