Investment Boom From Trump’s Tax Cut Has Yet to Appear

NY Times

The 2017 tax law’s lack of economic stimulation is disappointing and unsurprising.

It was marketed as “‘rocket fuel’ for American investment and growth, saying that corporations — flush with cash from lower tax rates — would channel money back into the economy by building factories and offices and investing in equipment, which would help companies grow and provide winnings for workers.”

“Senator Marco Rubio, Republican of Florida, told The Economist in remarks published last week that after the tax cuts passed, corporations “bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.” A spokeswoman said Monday that Mr. Rubio’s criticism was that the law could have done more to help working families while also stimulating corporate investment.”

Read more here.