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Do you think that tax cuts increase economic growth and taxable income so much that tax revenue increases? Or do you think that tax cuts reduce tax revenue? Please explain.
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Do you think that tax cuts increase economic growth and taxable income so much that tax revenue increases? Or do you think that tax cuts reduce tax revenue? Please explain.

User Rossini
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10 votes

Answer:

Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. ... Yes, I think the TCJA will increase economic growth and taxable income because if the taxes are low it means folks have more disposable income.

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User Jay McCarthy
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