Quote (duffman316 @ 15 Apr 2018 01:45)
lol? it was a huge and very complex tax bill with wide reaching effects. it's absolutely ridiculous to think that one could properly assess such a bill after less than 6 months...
first of all, not every employer will immediately have adjusted every contract that will eventually be scheduled for a raise.
second, the increased competitiveness of american companies will create additional jobs, which increases tax revenue and puts upward pressure on the wages of many existing jobs as well.
third, the increased income of consumers will flow back into the economy and stimulate further growth; but this multiplier effect obviously also cannot possibly be taking place after just 5 months.
I'm not a fan of this tax bill, it was way too heavy on corporate tax reductions and too light on worker and consumer tax cuts; and in the end, the economic and wage growth spurred by the tax cuts will come far short of counterbalancing the lost tax revenue.
nonetheless, it's unreasonable and unfair to pick on this bill after it barely starting taking effect.
This post was edited by Black XistenZ on Apr 14 2018 06:01pm
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