The Trump tax law is a failure.
“Trump/Rs argued that cutting corporate tax rate from 35% to 21%, allowing companies to write off more of capital spending would unleash frenzy of business spending. So far, that hasn't happened. surveys of business leaders don't indicate it's likely” https://t.co/E3cAwGYhEk
— John Harwood (@JohnJHarwood) June 29, 2018
— Tax March (@taxmarch) June 29, 2018
.@realDonaldTrump now celebrating tax cuts but most economists including Republicans say his tariffs will soon wipe out the benefits to the economy of the tax law spelling trouble for the economy
— Andrea Mitchell (@mitchellreports) June 29, 2018
Trump/GOP leaders said tax-cuts would lift economy out of long-term rut, boosting growth to 3-4% and preventing deficts from rising
new CBO projections: deficits rising rapidly, long-term growth of 1.9%
— John Harwood (@JohnJHarwood) June 26, 2018
Companies in the S&P 500 spent more than half of their earnings on stock buybacks, inflating the cost of their stocks, but sidelining investment in employees or new products.
— Vox (@voxdotcom) June 27, 2018
“The White House promised '70 percent' of the tax cut would go to workers. It didn't.”https://t.co/BENcB1drDy
— Mark Warner (@MarkWarner) July 1, 2018