Question: can you shorten this down and simplify it - For higher-income households, the indirect effects of the low-income tax cut could lead to a mixed
can you shorten this down and simplify it -
For higher-income households, the indirect effects of the low-income tax cut could lead to a mixed impact. While they may not experience a direct change in their income, they might begin to notice an increase in firm profits in their investments or dividends from companies as businesses expand in response to growing consumer demand. Additionally, if firms hire more employees, this could create upward pressure on wages across various sectors due to the increased competition for labour, potentially benefitting higher-income households if they are in sectors that also see wage advancements or better employment opportunities due to increased economic activity.
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