Cutting through the politics of tax reform
As Americans begin to file their last returns under a fading tax system, as President Donald Trump concludes his first State of the Union with a great emphasis on the economy, as the world watches this country undergo tectonic changes, it’s time to cut through the politicking and positioning. Washington University in St. Louis compiled researchers and experts across campus to attempt to put the new tax reform into perspective, plainly speaking.
Republican Congress got tax bill victory, but at what price?
Congressional Republicans agree on tax cuts more than they agree on nearly any other issue. Tax cuts have been central to Republican economic policy since the mid-20th century.
CEOs didn’t ask for this, but they’ll take it to the bank, shareholders
It’s curious that we heard very little from the C-Suite in the deliberations leading up to the Dec. 22 signing of the Tax Cuts and Jobs Act. What makes this curious is that the goal of the act was to increase GDP growth above 3 percent by stimulating corporate investments to increase productivity, but no one seemed to be asking CEOs whether the tax cut would have that effect.