Debating the GOP Tax Cut Plan
Monday, we’re wading into the debate over the GOP tax cut plan. Who will it benefit the most? Some economists contend it's an act of pure greed and “daylight robbery,” while others say trickle-down tax cuts can restore American prosperity.
The GOP-controlled House of Representatives recently passed a tax reform bill that includes major tax breaks for corporations. Supporters say the cuts will put more money in business coffers, leading to more jobs and higher wages. But what’s the truth? Do tax cuts for businesses really work like that in real life? Or are they demonstrations of selfish greed, pure and simple? A pair of leading thinkers on U.S. economic policy join us Monday to discuss the costs and benefits of corporate tax cuts.
- Jeffrey Sachs is a University Professor of economics and director of the Earth Institute at Columbia University. He's a senior advisor to the United Nations, and the author of many books, including Building the New American Economy: Smart, Fair, and Sustainable.
- Brian Domitrovic is an associate professor in the Department of History at Sam Houston State University. He's a columnist for Forbes magazine, and the co-author of the book JFK and the Reagan Revolution: A Secret History of American Prosperity.