The GOP Tax Cuts Didn’t Work
Republicans said the reform would grow the economy by up to 6 percent, stimulate business investment, and pay for itself. None of that happened.
by Derek Thompson
Oct 31, 2019
2 minutes
Donald Trump’s signature legislative achievement was the corporate-tax cut he signed in 2017. Republicans said it would grow the economy by up to 6 percent, stimulate business investment, and pay for itself.
None of those promises have come to pass. GDP growth has declined to less than 2 percent according to the latest report, released yesterday. Business investment has now declined for two straight quarters, dragging
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