WSJ Opinion The White House claims that the average household would see between $4,000 and $9,000 more in its paychecks every year. But if all 125 million households got a raise like that, it would amount to an annual increase in total wages of between $550 billion and $1.1 trillion. That’s between 275% and 550% of the total cost of the $200 billion corporate tax cut—implying a supply side effect that’s more than a little far fetched, writes Jason Furman.

WSJ Opinion The White House claims that the average household would see between $4,000 and $9,000 more in its paychecks every year. But if all 125 million households got a raise like that, it would amount to an annual increase in total wages of between $550 billion and $1.1 trillion. That’s between 275% and 550% of the total cost of the $200 billion corporate tax cut—implying a supply side effect that’s more than a little far fetched, writes Jason Furman. almost 8 years in Wall Street Journal

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Jason Furman