Detailed text transcripts for TV channel - FOXNEWS - 20171018:00:04:00
There's the indirect kind of benefit where you pay a certain amount taxes this year and because the new law comes along, your taxes will be reduced by x amount. that's one way you benefit. the principal purpose of a large tax cut of this kind, especially where you are also cutting the corporate rate, is not just to put money in the pockets of consumers to spend it. it is to encourage investment and growth in the economy, which benefits everybody. i think it's fair to say that the principal benefits, the major benefits, the most important benefit in economic terms of a big stack cut is to stimu...