How are the Tax Cuts working?
1. Corporations have increased buyback of their stocks
This helps executives who are paid in stock, but few workers have stock
2. Investments have flatlined
This slows down investments
3. Real wages have declined.
Unemployment remains low, but wage increases are minimal
4. Tax cuts do not “pay for themselves”
The government took in one percent less revenue this year and will spend 5% more
The Tax Cut is a liability for candidates who assumed it would help (re)election!
Source: New York Times
