A tax cut is an economic stimulus but the evidence provided are simply continuations of trends begun long ago. I’m happy to provide more detail to your office as soon as summer grades are turned in next week.
6 months ago today, the #TaxCutsandJobsAct became law. Here's a snap of the results:
1 million jobs created
Unemployment dropped to 3.8%
Lower utility rates in 48 states
Higher wages and bigger paychecks for workers
Small business optimism at 45-year highpic.twitter.com/dN88w6M13O
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It will be some time before the true effect of the tax cut can be determined. There is the effect on revenues (will they go up or down?), on growth (will GDP increase faster than trend), and on the labor market (will job growth increase faster than trend).
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Plus, by increasing our debt by $1.5 Trillion,
@foxxforcongress paved the way to steal all the money Average Joes paid into Medicare over our lifetimes. And she'll rush to do it before taxes go up for us, but not for rich elites like Foxx.#OutFoxx https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class …Thanks. Twitter will use this to make your timeline better. UndoUndo
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When will you deal with the lies coming out of this administration? Being silent is saying you agree.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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