Do you think that tax cuts increase economic growth and taxable income so much that tax revenue increases? Or do you think that tax cuts reduce tax revenue? Please explain.

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Answer:

Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. ... Yes, I think the TCJA will increase economic growth and taxable income because if the taxes are low it means folks have more disposable income.

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