As Congressional Republicans work hard to cut corporate taxes in order to boost economic growth (which is "totally not a huge giveaway to the wealthy elite and ownership class at the expense of the working class" wink, wink), a new poll came out concerning who still believes in trickle-down economics.



Conservative economists have long argued that cutting taxes on businesses would lead to faster economic growth. In recent weeks, however, backers of the Republican plan have emphasized a related claim: If companies paid less in taxes, they would pay their workers more.

The White House Council of Economic Advisers, for example, released a report last month that estimated that the proposed corporate tax cut would increase a typical household’s income between $3,000 and $7,000 a year — a claim many independent economists have dismissed as unrealistic.

The public appears to have similar doubts, and its skepticism stretches across the political spectrum.



After three decades of broken promises of money trickling down, it's not a surprise that most people have stopped falling for it.

What is a surprise is who else no longer believes it - CEOs.

VIDEO: CEOs asked if they plan to increase their company's capital investments if the GOP's tax bill passes.

A few hands go up.

"Why aren't the other hands up?" Gary Cohn asks.#WSJCEOCouncil pic.twitter.com/TD2oAlN27S — Natalie Andrews (@nataliewsj) November 14, 2017

Corporate executives are flat out saying that a cut in their taxes isn't going to make them invest more in their companies (which would translate into jobs and wages).

Where would that money go? Stock buybacks.



While economists, politicians and media pundits try to tell us how great the labor market is, workers are telling a very different story.



In fact, studies say that workers aren't getting any raises at all.



Over the past 12 months, 52% of American employees did not see their wage increase either through a pay raise or by getting a new job. For workers ages 53 and older, the percentage was even higher (64%), compared to 47% of younger people in the labor force, the study by Bankrate.com said.

Today's numbers show that this trend is not getting any better.

