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Mon Nov 11, 2019, 12:35 PM

Falling investment revives attacks against Trump's tax cuts

The GOP tax law passed in 2017 was supposed to super charge the economy, but the lack of major impact is spurring critics to renew their attacks against the signature measure from President Trump.

Republicans said the tax law would help the economy through several avenues, including by sending business investment soaring. But just 15 months after it took effect, business investment has actually been contracting, falling 1 percent and 3 percent in the past two quarters.

Republicans who supported the tax law are blaming Trump's trade war with China as the reason why it failed to have the intended impact.

Critics, however, say it reflects a broader misjudgment about how the tax law was structured.

https://www.msn.com/en-us/money/taxes/falling-investment-revives-attacks-against-trumps-tax-cuts/ar-BBWxYwv?li=BBnb7Kz

But it's helped Trump's bottom line. Just look at the size of his bottom.

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Reply Falling investment revives attacks against Trump's tax cuts (Original post)
Yo_Mama_Been_Loggin Nov 11 OP
OAITW r.2.0 Nov 11 #1

Response to Yo_Mama_Been_Loggin (Original post)

Mon Nov 11, 2019, 12:40 PM

1. Republicans and Tax Policy.

Consistently wrong for the middle class for almost 40 years.

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