Thousands of Starbucks Employees Are Getting Raises After GOP Tax Cuts

Re:Thousands of Starbucks Employees Are Getting Raises After... by hsitz on Wednesday January 24, 2018 @11:57AM (#16224178)

Did you mean to say: ". . . agree that cutting the corporate tax cut would have a NET good economic effect"?

First, the new tax law does far more than cut corporate taxes.

Second, whether cutting corporate taxes is good or bad thing depends strongly on the size of the cut.

Third, if you mean to imply that the majority of academic economists agree that the new tax laws will have a net beneficial effect for the economy over the long term, then I'm pretty sure you're flat out wrong.

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Re:Thousands of Starbucks Employees Are Getting Raises After... by bassman9000 on Wednesday January 24, 2018 @01:38PM (#16225106)

While there is uncertainty and debate regarding the extent to which lowering statutory corporate taxes to 20 percent might boost worker wages, the CEA’s claim that workers’ income would rise by $4,000 to $9,000 is well above the top of the range of consensus estimates.

https://www.pbs.org/newshour/economy/analysis-would-cutting-...

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Re:Thousands of Starbucks Employees Are Getting Raises After... by bassman9000 on Wednesday January 24, 2018 @01:41PM (#16225130)

And a different view

https://taxfoundation.org/what-evidence-taxes-and-growth

Nearly every empirical study of taxes and economic growth published in a peer reviewed academic journal finds that tax increases harm economic growth.

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Re:Thousands of Starbucks Employees Are Getting Raises After... by croon on Wednesday January 24, 2018 @06:06PM (#16227194)

A different view from a Koch funded libertarian climate change denying think tank.

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