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There has been discussion about whether the Tax Cuts and Jibs Act that took effe

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There has been discussion about whether the Tax Cuts and Jibs Act that took effect in 2018 is increasing tax revenue. Tax revenue can be thought of as an average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? The major schools of thought in macroeconomics ( Keynesians and Neoclassicals) believe the tax cuts increase economic growth. Economic growth increase taxable income. Our economic growth before the pandemic brought unemployment down to historically low levels. * Start your discussion by responding to these questions: * Do you think tax cuts increase economic growth and taxable revenue increases? * Or do you think that tax cuts reduce tax reduce tax revenue? Explain your answers.

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