Robert Shapiro critiques the Council of Economic Advisers’ tax cut estimates in NY Times feature

CBPP Senior Policy Scholar Robert Shapiro responded to Mr. Trump’s Council of Economic Advisers’ estimate of average household income savings due to corporate tax cuts. Shapiro is cited in The New York Times (new window) saying that “there was no evidence in United States history of lower federal corporate tax rates driving surges in investment or wages. The council’s mistake was in believing that the corporate tax rate determines the investment rate. That’s just not true.” Read more (new window).