Consumer spending is linked to disposable income. The Trump Administration has proposed tax reform in early 2017
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Consumer spending is linked to disposable income. The Trump Administration has proposed tax reform in early 2017 (please see a summary of the proposal at https://taxfoundation.org/trump-administration-tax-proposal/ ), included in the initial summary proposal is to lower the individual tax rate for top-tier earners from 39.6% to 35% and cutting the corporate tax rate to 15%. Explain how this change in taxes affects consumption, aggregate demand, and investment spending. With this in mind, should this be enacted?
Related Book For
Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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