Liberal Joint committee Temporary bonus Tax Cuts and Jobs Act Coolidge tax cuts December 22nd Increases long-run GDP Corporations getting 40% cut Taxpayers pay less in 2019 Inflation Middle to high incomes see 4-5% Benefits corporations Raised wages Taxpayers Double standard deduction 0.1% making 5 million a year Revenue Act Tax- free estates Taxes 15% with no material change 1.47 trillion Tax reductions economic growth Micro level 18,128 Free! Gift tax 32% public support Paul Ryan Idea: to simply 1924 Increase GPD by 1.7 Corporate tax rate 51 vs. 48 76% of households Liberal Joint committee Temporary bonus Tax Cuts and Jobs Act Coolidge tax cuts December 22nd Increases long-run GDP Corporations getting 40% cut Taxpayers pay less in 2019 Inflation Middle to high incomes see 4-5% Benefits corporations Raised wages Taxpayers Double standard deduction 0.1% making 5 million a year Revenue Act Tax- free estates Taxes 15% with no material change 1.47 trillion Tax reductions economic growth Micro level 18,128 Free! Gift tax 32% public support Paul Ryan Idea: to simply 1924 Increase GPD by 1.7 Corporate tax rate 51 vs. 48 76% of households
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Liberal
Joint committee
Temporary bonus
Tax Cuts and Jobs Act
Coolidge tax cuts
December 22nd
Increases long-run GDP
Corporations getting 40% cut
Taxpayers pay less in 2019
Inflation
Middle to high incomes see 4-5%
Benefits corporations
Raised wages
Taxpayers
Double standard deduction
0.1% making 5 million a year
Revenue Act
Tax-free estates
Taxes
15% with no material change
1.47 trillion
Tax reductions
economic growth
Micro level
18,128
Free!
Gift tax
32% public support
Paul Ryan
Idea: to simply
1924
Increase GPD by 1.7
Corporate tax rate
51 vs. 48
76% of households