If someone’s getting a tax cut, I’m not upset that they’re getting a tax cut. According to Cohn, what the tax plan is “really aimed at doing is creating wage growth.”“We have not had wage growth in this country,” Cohn said. Instead, he argues that the benefits will come from businesses repatriating earnings and reinvesting in the United States, which will spur new jobs and new wage growth. Regardless, Cohn expresses confidence that this plan is both aimed at wage growth and will see that as a result. That was the question to which Cohn offered his response that the goal of the tax plan was to drive wage growth.

Source: Washington Post November 09, 2017 15:14 UTC