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GOP bets on tax overhaul to lift economy despite warnings
Republicans push the 2017 tax plan hoping lower corporate and individual rates spur growth and lift living standards, while economists warn it would swell deficits and widen inequality. The bill faces a vote amid mixed signals on productivity, wages, and job momentum, with analysts noting risks of overheating the economy.
MENTIONED IN THIS ARTICLE
Washington
Congress
America
U.S
Tennessee
Bob Corker
House
Senate
Donald Trump
White House
United States
Phillip Swagel
University of Maryland
George W. Bush
Treasury Department
Douglas Holtz-Eakin
American Action Forum
Congressional Budget Office
Holtz-Eakin
Federal Reserve
Mark Zandi
Moody’s Analytics
Fed