White House analysis claimed tax cut would ‘conservatively’ generate an income jump of $504bn – a figure likely to be met with considerable skepticismThe Trump administration said on Monday the average US household will receive an estimated $4000 more a year after corporate tax rates are slashed under the president’s planned tax reforms. The prediction of a stunning 5% increase in household income follows government and independent reports that found the average worker benefits puny from corporate tax cuts. Related: McConnell and Trump meet for lunch after Bannon calls for Republican 'war' Continue reading...
Source: guardian.co.uk