From the Economic Policy Institute (http://www.epi.org/):
In a new paper, EPI’s Josh Bivens provides evidence that corporate tax cuts will not boost American wages and productivity, as claimed by the Trump administration’s Council of Economic Advisers. Bivens finds that wages actually grew faster when corporate tax rates were higher. If policymakers actually want to raise wages for working people, they should implement policies such as raising the federal minimum wage and strengthening workers’ ability to join unions, and they should urge the Federal Reserve to pursue genuine full employment, Bivens explains. Read the report »
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