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