Heard a radio interview with a republican and Democrat about the proposed tax changes. When they asked the republican how it would help the average person, all he could come up with was that it would lead to more growth. The top 0.01% are taking an increasingly large percentage of income and wealth. Corporate after-tax profits are high. History shows that cutting them in such a case NEVER leads to growth that helps most of us.
https://fred.stlouisfed.org/series/CP
Corporate Profits After Tax (without IVA and CCAdj)
https://fred.stlouisfed.org/series/CPATAX
Corporate Taxes After Tax with Inventory Valuation Adjustment (IVA) and Capital Consumption Adjustment (CCAdj)
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