To win support for corporate tax reform, Trump promises a $4000 “pay raise”
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To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax rate, the typical American household will benefit by getting a “pay raise” of about $4000. What’s behind the claim – and is it likely?
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|The GOP tax plan has fewer tax brackets and bigger deductions, but is light on details|
|2017 is no 1986 when it comes to tax reform|
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