Drudge Retort: The Other Side of the News

Drudge Retort

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"Would American households really see an average income increase of $4,000 a year if President Donald Trump succeeds in cutting the corporate income tax? Don't count on it. This claim is dubious at best. Consider this simple arithmetic: There were 125,819,000 households in the U.S. last year, according to the Census Bureau. An average increase of $4,000 for each household would amount to a total income gain of more than $503 billion annually.But the U.S. collected just $297 billion in corporate income taxes in fiscal year 2017, which ended Sept. 30, according to the U.S. Treasury."

Republican Math.

And here's the author's track record, from the same link:
Hassett is co-author of "Dow 36,000," which was published in September 1999 when the Dow Jones Industrial Average was hovering below 12,000 after a big run-up during what we now call the dot-com bubble. Rather than tripling in value, as Hassett and co-author James Glassman argued was possible and justified by stock values, the DJIA sank to just above 7,700 three years later, in September 2002.

Drudge Retort

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