Did the 2017 tax cut increase business investment?
Jason Furman draws our attention to a new paper that analyzes the effect of the 2017 business tax cut. Long story short, the authors find that cutting taxes increased investment. I'm skeptical of this, and I'll show you why in three charts. First up is a chart from the paper itself showing, as promised, that ...continue reading "Did the 2017 tax cut increase business investment?"
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