Can Tax Cuts Spur Economic Growth?

Policy Forum
November 30, 2017 12:00 PM to 1:15 PM EST

Hayek Auditorium, Cato Institute

Featuring Kevin Hassett, Chair, White House Council of Economic Advisers, in an in-depth one-on-one discussion on tax reform; followed by a panel of Donald Marron, Institute fellow and Director of Economic Policy Initiatives, Urban Institute; William McBride, Manager, National Economics and Statistics, PriceWaterhouseCoopers; and Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics, Cato Institute; moderated by Chris Edwards, Director of Tax Policy Studies; Editor, DownsizingGovernment.org, Cato Institute.

Republicans in Congress are working on legislation for major tax reform. Their plan would cut the corporate tax rate and simplify individual income taxes by trimming deductions and reducing rates. Republicans and many economists argue that such reforms would boost the economy and substantially raise wages. Other economists have doubts about the proposed changes, given our large budget deficit and the apparently healthy economy.

What will be the impact of tax reform on output, investment, and wages? Which corporate and individual reforms are most likely to spur growth? Kevin Hassett will address these questions in an interview, and the panel will comment on the economics of tax reform and the current legislation moving through Congress.