Friends of Manufacturing

White House Sees Corporate Tax Cut Boosting Economy by 3-5%

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Cutting the corporate tax rate to 20 percent would speed up economic growth enough to eventually make the U.S. economy 3 to 5 percent larger than it otherwise would be, according to an analysis produced by President Donald Trump’s White House.

The analysis, released Friday by Trump’s Council of Economic Advisers, also repeats the panel’s finding that the corporate tax cut would increase average household income by at least $4,000. Other economists have questioned that claim.

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