It was, even by the standards of the Trump White House, a spectacularly bad news week for the administration’s signature legislative accomplishment: the so-called Tax Cuts and Jobs Act, passed into law with exclusively Republican votes in December 2017. In just four days last week, the Trump law was revealed to the American people to be precisely the scam that it’s always been.
If you took at face value the conservative messaging around the $2.3 trillion tax proposal, you might think that the economy was going to take off at rocket speed, and that those investments would lead to fatter wages for American workers.
The above excerpt was originally published in MarketWatch.
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