Chairman says tax framework will radically lift wages for workers who haven't seen real increase in the last decade
Kevin Hassett, the chairman of the Council of Economic Advisers, says a tax cut like the one President Trump is proposing could potentially lift wages by about $4,000.
Hassett spoke at The Hill‘s event on tax reform at the Newseum in Washington, D.C., on Wednesday and said wages have been stagnant for too long and the president's framework for tax reform would help Americans earn higher wages.
"Over the last eight years the average real income growth was only about 0.6 percent per year," Hassett said. "That's just not fast enough. If you have the sense that America's workers aren't keeping up, it's because they haven't been."
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Sounds good BUT you know the govt will make it up by increases in hidden LUXURY taxes, such as Telephones, automobiles, gasoline, television, plus National Parks, Social Security, Medicare, etc. Watch for them to creep up with little or no notice.
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