Matthew R. Shay

Trump’s tariffs are too great a gamble for U.S. economy

WASHINGTON, D.C. — After a long, slow climb following the Great Recession, the U.S. economy is finally thriving again. Thanks largely to tax and regulatory reform, wages and take-home pay are higher, employment has risen and the consumers who drive the economy are confident. Things are so good that at the National Retail Federation, we have increased our economic forecast for 2018, predicting retail sales will grow at least 4.5 percent over 2017 rather than the range of 3.8 percent to 4.4 percent we predicted earlier this year.

Lowering corporate taxes will send workers’ wages soaring

WASHINGTON, D.C. — Labor Day is behind us. But as we look beyond its traditions of barbecues, beaches and vague political promises to help American workers, there is one clear action Congress could take to actually increase wages and create jobs: corporate tax reform.