"It's official: The Trump tax cuts were a bust" [View all]

[Honeycombe8]

It’s official: The Trump tax cuts were a bust

Right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed:

“It’ll be fantastic for the middle-income people and for jobs, most of all ... I think we could go to 4%, 5% or even 6% [GDP growth], ultimately. We are back. We are really going to start to rock.”

A year later, it’s very clear that the tax cuts boosted gross domestic product and jobs a bit — and just for one year. Its effects are fading as U.S. GDP growth appears likely to weaken in 2019. The only thing that “rocked” were corporate profits and the stock market. And we’re facing trillion-dollar deficits as far as the eye can see.

https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30?mod=MW_story_top_stories


Is anyone not gullible who has observed our economy over years, surprised by this? Of course not. TRICKLE DOWN ECONOMICS is, as G H W Bush said, VOODOO ECONOMICS.

And now, we will be paying the price with a slowing economy, which hurts the workers the most. When something real could have been done to really help the economy. I'm so spittin' mad about the this and so many other things. It's not just Trump responsible. This was a plan between both ends of the Republican Party, from Trumpers all the way to the established Republicans.