FILE – In this Dec. 6, 2012, file photo, Kevin Hassett, senior fellow and director of Economic Policy at the American Enterprise Institute (AEI), gestures as he testifies on Capitol Hill in Washington before the Joint Economic Committee hearing entitled: “Fiscal Cliff: How to Protect the Middle Class, Sustain Long-Term Economic Growth, and Reduce the Federal Deficit.” (AP Photo/ Evan Vucci, File)
October 16, 2017
OAN Newsroom
A White House study finds there would be a major boost in wages if the corporate tax was lowered to the 20% proposed by President Trump.
The results show the average household income would increase by at least $4,000 a year.
The administration’s Chief Economic Adviser Kevin Hassett said this growth could take several years.
However, he said it could eventually reach as high as $9,000 a year.
The findings are based off the idea that companies will invest more in the U.S. with lower taxes driving up the demand for workers and increasing wages.
