Depreciation, Tax Breaks and Automation

A $300 billion business tax break meant to raise wages is instead helping companies replace workers with machines

https://www.washingtonpost.com/us-policy/2019/02/13/billion-business-tax-break-meant-raise-wages-is-instead-helping-companies-replace-workers-with-machines-study-says/

WSJ piece notes:

https://www.wsj.com/articles/u-s-tax-revenue-declined-0-4-in-2018-11550084426

Federal tax revenue declined 0.4% in 2018, the first full calendar year under the new tax law, despite robust economic growth and the lowest unemployment rate in nearly five decades.

Related:

https://vivekjayakumar.blogspot.com/2019/01/short-run-impact-of-2017-tax-cuts-and.html