That's one of the reasons productivity has become stale in America, is because this isn't really a tax cut. I would argue it's a timing. There's also some really interesting economic data that The expensing and the research and development expensing may have represented almost half of the economic growth after the tax reform. Think about that. Because it created a productivity capital cycle. And in a world right now where we are seven years later, after tcja, the tax reform, where you now have AI, now you have robotics, other things. (11:42–11:56)
CLAIM
Asserts that expensing and R&D expensing contributed to nearly half of economic growth post-tax reform.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
