Why Trump Cannot Bring Jobs Back With Tax Cuts
When I talk to President Trump’s supporters about how they anticipate the president will bring back lost manufacturing jobs, I tend to hear the same argument over and over. It goes something like this:
- Trump will cut corporate tax and other taxes that primarily hit investors.
- Firms and investment will return from abroad to take advantage of the low tax rates.
It is possible to demonstrate that this is false. Here’s how to do it.