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More Than 100 Economists Support Tax Cuts and Jobs Act, Say It Will Accelerate Economic Growth

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Economists believe a lower corporate tax rate will boost investment, capital stock, business formation, productivity

Sen. Mitch McConnell speaks as Rep. Paul Ryan and other lawmakers look on / Getty Images

BY:  /  the Washington Free Beacon

More than 100 economists support the Tax Cuts and Jobs Act and say it will accelerate economic growth, increase wages, and lead to more jobs, according to a letter the economists wrote to members of Congress.

Economists who authored the letter included those working at universities as well as those who worked at Office of Management and Budget, the Joint Economic Committee, and the Federal Reserve Bank.

“Economic growth will accelerate if the Tax Cuts and Jobs Act passes, leading to more jobs, higher wages, and a better standard of living for the American people,” the letter states. “If, however, the bill fails, the United States risks continued economic underperformance.”

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