Reasons to be cheerful about the US tax cuts

Reasons to be cheerful about the US tax cuts

President Trump’s package of tax cuts has faced much criticism and praise, depending on who you ask. Keynesian economists – who are frequently liberal leaning – do not approve of the package for distributional and welfare reasons. However, the Trump package is distinct as it provides large reductions in marginal tax rates. The average American household will see a reduction of 2.75 percentage points in their marginal tax rate on income.

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