Trump’s Tax Cuts Seen Producing Short Job Growth ‘Sugar High’
- Jolt may come from boosting tax savings on equipment purchases
- Economists disagree on value of cutting corporate tax rate
Trump's Tax Plan: Corporate Rates and Few Details
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President Donald Trump’s plan to slash the corporate tax rate may not provide the sustained job growth that he and Republican leaders want, some economists say -- that’s a point of longstanding and unsettled debate.
But in the short term, a lesser-noticed item in the nine-page framework that Trump and Congress produced Wednesday might provide a quick burst of growth that then dwindles, said economist Alan Viard of the nonpartisan American Enterprise Institute. He compared it to a “sugar high.”