Targeted Tax, Two Trillion Dollar discussed on The Brookings Cafeteria


Uh lowcost casual or lowcost style leading so he see a large companies borrowing it uh in the low single digits so he i'm kind of not persuaded by idea that having more cash in the pockets that is that missing ingredient in and so i i think that's kind of visted a disingenuous uh justification another argument that proponents have made in republicans especially amid this for very long time is that tax cuts to stimulate economic growth um and that in and of itself will alleviate that uh that deficit problem that we've already done by that the resulting growth in the economy will offset that at one point five trillion or two point two trillion dollar deficit hole i'm well says right why angers two things to to keep in mind i or two parts to that that uh debate or that narrative i'm and so one one part of it but he's is whether or not um tax changes or uh tax related incentives or or tax cuts i can contribute to growth and i think that there is an there is a there is a spectrum of views on their add some people think that the effects of tax changes are modest other things that others think that those facts can be large i personally think that there are certain changes that we could undertake that will be very good for economic growth um but the nurses have a question of whether this particular bill is actually progrowth i in that regard a i don't think that it is a hand uh by and large it it does not targeted tax cuts uh at uh at new investments a predominantly provides windfalls to investments that already exist uh it doesn't tackle key margins uh very forcefully um things like profit shifting reshifted activity abroad it does not really have teeth in terms of uh um uh encouraging companies to to building ited states forces building elsewhere on the individual side there seems to have been almost no effort to encourage people to enter the labour market uh to supply more labour uh particularly those who have kind of been left out of the expansion of the last decade uh so uh um so almost no tax cut four uh the lowest income individual.

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