Paul Ryan Double standard deduction 32% public support Liberal Free! Benefits corporations 1986 Tax Cuts and Jobs Act 0.1% making 5 million a year 1981 Taxes Middle to high incomes see 4-5% Raised wages Corporate tax rate Inflation Tax reductions Corporations getting 40% cut 15% with no material change Macro level Increase GPD by 1.7 Increases long-run GDP Taxpayers 18,128 Joint committee Coolidge tax cuts Gift tax 51 vs. 48 Revenue Act Taxpayers pay less in 2019 economic growth Paul Ryan Double standard deduction 32% public support Liberal Free! Benefits corporations 1986 Tax Cuts and Jobs Act 0.1% making 5 million a year 1981 Taxes Middle to high incomes see 4-5% Raised wages Corporate tax rate Inflation Tax reductions Corporations getting 40% cut 15% with no material change Macro level Increase GPD by 1.7 Increases long-run GDP Taxpayers 18,128 Joint committee Coolidge tax cuts Gift tax 51 vs. 48 Revenue Act Taxpayers pay less in 2019 economic growth
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Paul Ryan
Double standard deduction
32% public support
Liberal
Free!
Benefits corporations
1986
Tax Cuts and Jobs Act
0.1% making 5 million a year
1981
Taxes
Middle to high incomes see 4-5%
Raised wages
Corporate tax rate
Inflation
Tax reductions
Corporations getting 40% cut
15% with no material change
Macro level
Increase GPD by 1.7
Increases long-run GDP
Taxpayers
18,128
Joint committee
Coolidge tax cuts
Gift tax
51 vs. 48
Revenue Act
Taxpayers pay less in 2019
economic growth