NY's Small Brewers, Distillers Expect Boost from Tax Law

Press Coverage

NY's Small Brewers, Distillers Expect Boost from Tax Law

FOX 5 New York, 1.18.18

Some small businesses in New York City are celebrating the positive side of the recently passed taw overhaul. Even though there is a lot of talk about the big corporate entities like Apple, Facebook, or Google benefiting from this tax bill, Randall Filer, a professor of economics at Hunter College and CUNY Graduate Center, said those corporate tax reductions will actually benefit Americans. "Lower taxes over 10 or 15 years should increase investment in all industries in the U.S.," Filer said. "So workers should benefit from higher wages and consumers should benefit from lower prices."

Submitted on: JAN 18, 2018

Category: Economics | GC Press Coverage