/u/smurfyjenkins's posts in /r/neoliberal

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JEP study: The 2017 Tax Cuts and Jobs Act, the key legislative achievement in the first year of the Donald Trump administration, substantially raised the federal debt and disproportionately increased incomes for the most affluent. The effects on economic growth and median wages were modest at best.

55 upvotes

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JEP study: The biggest corporate tax cut in US history (TCJA 2017) reduced corporate tax revenue by 40%, increased corporate investment by 11%, and boosted economic growth and wages, although by far less than advertised by the TCJA's proponents.

40 upvotes

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APSR study: Two New Deal programs (WPA, PWA) provided massive government subsidies to hire workers in the Great Depression. The WPA, wherein the government hired workers directly, substantially increased voter support for the Democrats. The PWA, which subsidized private sector employment, did not.

27 upvotes

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Title	Upvotes	Mark as read	Favorited	Rating	Add to a list
JEP study: The 2017 Tax Cuts and Jobs Act, the key legislative achievement in the first year of the Donald Trump administration, substantially raised the federal debt and disproportionately increased incomes for the most affluent. The effects on economic growth and median wages were modest at best.	55
JEP study: The biggest corporate tax cut in US history (TCJA 2017) reduced corporate tax revenue by 40%, increased corporate investment by 11%, and boosted economic growth and wages, although by far less than advertised by the TCJA's proponents.	40
APSR study: Two New Deal programs (WPA, PWA) provided massive government subsidies to hire workers in the Great Depression. The WPA, wherein the government hired workers directly, substantially increased voter support for the Democrats. The PWA, which subsidized private sector employment, did not.	27