• A Nobel Prize-winning economist says Trump tax reform won't help US workers right away

    10 monthes ago - By Business Insider

    Business Insider senior political correspondent Josh Barro sits down with Paul Krugman , a Nobel Prize-winning economist and distinguished professor of economics at the City University of New York. Barro poses the question of whether corporate tax cuts will significantly benefit US workers. Krugman says that there will probably be some positive impact, but only in the longer term, not in the immediate term. He predicts that US workers won't see a noticeable wage increase in the next five years.
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  • PAUL KRUGMAN: The GOP tax plan probably won't help the economy

    10 monthes ago - By Business Insider

    Business Insider senior editor Josh Barro sits down with Paul Krugman , a Nobel Prize-winning economist and distinguished professor of economics at the City University of New York. They address the one-page sheet released by the Treasury department this past week, which argued that President Trump's economic policies - including the tax bill - will shrink the government deficit. Krugman says that the gross domestic product growth forecast put forth was pulled out of thin air, with no backup. He notes that the projections are roughly nine times that of the Joint Committee on Taxation's...
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