BRACE YOURSELVES LIBERALS The tax plan is deficit-financed stimulus The most visible metrics (GDP, stocks, employment) should improve The negative effects you predict (inequality, middle class tax increases, benefit cuts, rising premiums, asset bubbles) will take time to show up
Nah. Wages have been inching up--to be expected with low unemployment--and it will be difficult to isolate the effect of the tax bill. If the bill creates downward pressure on wages, most people won't feel that for some time. Expenses have to go up while wages don't.