Under the Trumpian tax reform, the corporate tax rate could fall from 35 to 15%. The drastic reduction of the corporate tax rate will lead to lower tax revenues of $2 trillion in 10 years.
The commentary of the “New York Times” hits the core: “This is not fiscal policy but a robbery led by Trump.”
“Deep Voodoo: Review of The Big Con,” Roger Lowenstein, September 23, 2007
“Laffer curve,” Wikipedia
“The Laffer Swerve,” Paul Krugman, April 10, 2015
Project on Government Oversight (POGO)
“Trickle-down Economics,” Wikipedia