Tags: chuck schumer | slams | white house | report | corporate | tax cuts

Schumer Slams WH Report on Corporate Tax Cuts

Schumer Slams WH Report on Corporate Tax Cuts
(Zach Gibson/Getty Images)

By    |   Monday, 16 October 2017 01:17 PM

Senate Minority Leader Chuck Schumer, D-N.Y., said a White House report predicting an increase in wages from cuts in the corporate tax rate is using "fake math."

The report was issued by the president's Council of Economic Advisers. And it claims a proposal in the Republican tax framework to slash the corporate tax from 35 to 20 percent would result in an increase in average household income of about $4,000 a year, The Hill reported.

Schumer spelled out his case in a series of tweets on Monday morning:

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Senate Minority Leader Chuck Schumer, D-N.Y., said a White House report predicting an increase in wages from cuts in the corporate tax rate is using "fake math."
chuck schumer, slams, white house, report, corporate, tax cuts
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2017-17-16
Monday, 16 October 2017 01:17 PM
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