There is something wrong with the numbers in that article. No one was projected to get a 4000-9000 dollar raise. Almost every estimate was everyone will see about $2,000 more dollars a year. Which is obvious if you just run your taxes last year with old tax code vs new tax code. Might have to add the hill as a dubious source after that article.
The new report from Hassett, out Monday morning, projects that reducing the corporate tax rate to 20 percent will result in a windfall for U.S. workers. He predicted average U.S. household income would increase at least $4,000 a year but could rise as much as $9,000 annually.
Last week, Larry Summers, a Treasury secretary under former President Bill Clinton and an ex-Obama economic advisor, called an early look at the analysis flawed. "The idea that this is going to produce a $4,000 increase in wages is, I think, an absurdity," Summers said, arguing that "record highs" in corporate profits show that companies don't need an incentive to increase wages.
In response to Summers, Hassett said, "It's hard to respond to something where he says it's an absurdity, but he doesn't say why. And I can tell you he doesn't say why because he doesn't know why."
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Seplito Nash, Smelling Like the Vault since 1996 Step FOUR! Get Paid!