Beware of Trump’s claim that wages will soar after he cuts taxes

Alan Auerbach quoted by The Washington Post, Sept. 27, 2017

Trump and Congress have to get the tax recipe right if they really want to have a good chance at boosting middle-class wages. Auerbach says there are two things lawmakers should do.

First, they need to ensure the 2017 (or 2018) tax bill doesn’t add to America’s $20 trillion debt. Second, they need to find ways to incentivize business investment.