Kevin Hassett, the chairman of the Council of Economic Advisers, says that lowering the corporate tax rate to 20 percent, as part of President Donald Trump's tax reform proposal suggests, could help lift GDP by 4 percent in the first year.
Speaking to the Tax Policy Center and the Tax Foundation, Hassett said the plan is pro-growth, pro-work, and will increase economic output and growth.
The plan lowers the corporate income tax rate from 35 percent to 20 percent, which will contribute to GDP growth.
More @ The Washington Free Beacon
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