Yesterday on Squawk Box, Andy provided insight on pass-through tax breaks and wage gains as a result of the Trump administration’s recent tax code overhaul. A main goal of this tax code reform is to ensure that the money is going back into the hands of American citizens to increase economic growth and new jobs. Puzder explains that reducing tax rates will funnel more money back into the American economy, therefore raising the GDP and economic opportunity overall. This tax reduction will also help to stimulate an even higher rate of job openings and likely increase wages significantly.
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