From the US political party that couldn’t give a damned about your children or their future,
take this America.
Will a Corporate Tax Cut Lift Worker Pay? A Union Wants It in Writing. By JIM TANKERSLEY - NOV. 23, 2017 https://www.nytimes.com/2017/11/23/us/politics/corporate-tax-cut-pay.htmlSpeaker Paul D. Ryan, for example, said in a recent speech that “fixing the business side of our tax code is really all about helping families and workers," adding that “cutting the corporate tax rate means more jobs here in the United States. It will foster increased competition, which will directly drive up wages for our workers." ... ... A prominent survey of top economists from across the ideological spectrum — the IGM Economic Experts Panel — found this week that almost no economists agreed with the notion that the size of the American economy “will be substantially higher a decade from now than under the status quo" if the tax bill passed. Critics note that wage growth has remained relatively sluggish over the past several years, even as corporate profits hover near all-time highs as a share of the economy, and the unemployment rate continues to fall to levels that economists normally associate with rapid increases in worker pay. “Perhaps the most intuitive reason we know these cuts will fail to spark wage growth is that corporate profit rates have been historically high since 2007, while business investment has been historically low," Josh Bivens, an economist at the liberal Economic Policy Institute, wrote this week. ...