On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. According to this Act,
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On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. According to this Act, corporate tax rate has been reduced from 35 percent to 21 percent, while the highest individual tax rate has dropped to 37 percent. According to President Trump, these cuts would improve the U.S. economy’s growth prospects.
a. How would a supply-side economist evaluate the tax cuts?
b. How would a Keynesian economist evaluate the tax cuts?
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a Supplyside economists often associated with the principles of Reaganomics would generally evaluate the tax cuts positively They believe in the power ...View the full answer
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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