Will the tax system overhaul proposed by the U.S. Senate have a positive effect on the nation’s economy?

THE SENATE COULD VOTE on the GOP's new tax bill as soon as Thursday. / BLOOMBERG FILE PHOTO/ANDREW HARRER
WITH APPROVAL OF ITS tax system overhaul, the U.S. Senate set the stage for a conference with its House colleagues to create the final package to present to President Donald Trump. / BLOOMBERG FILE PHOTO/ANDREW HARRER

As conferees from the U.S. House and Senate try to reconcile their two competing tax overhaul proposals, there is time to consider what the Senate passed early on Dec. 2. The bill, which trims the corporate tax rate, along with a number of other tax cuts, is supposed to put more money into individual pockets and corporate coffers, which will then lead to stronger job growth and increased wages across the board. Do you believe this will happen? Or is the only sure thing about the bill is the expectation that it will add more than $1 trillion to federal debt, and thus slow down private investment by pushing out private access to the capital markets.

Will the tax system overhaul proposed by the U.S. Senate have a positive effect on the nation’s economy?

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