11-22-2017, 05:53 PM
(11-22-2017, 02:03 PM)Benton Wrote: If I'm not mistaken (and Matt usually lets me know because I'm mistaken a lot), a big chunk of this that is being brushed off by the Trump administration is because the administration is expecting some unrealistic growth out of the budget. Basically, everyone at the bottom will get taxed more, but that will somehow spur them to spend more on new shoes and cars.
You are correct, I will just expand a little. The administration is ignoring these analyses because they expect that growth. However, the analyses all take that growth into account. The analysts are saying that growth won't be as large as the administration thinks because giving more of the cuts to the top doesn't result in the same spending that can stimulate economic growth as cuts at the middle would.
