President Donald Trump is preparing to run for re-election by citing the strength of the American economy. But while most Americans do feel relatively at ease with the state of the economy, Trump’s major signature legislation that was supposed to trigger an economic boom — the 2017 tax cuts — is turning out to be a bust. And if Democrats want to undermine Trump’s message on the economy, they would be wise to focus on this massive failure.
Trump signed the Tax Cuts and Jobs Act two years ago now, prompting reflection on how it measures up to the promises made.
Writing for the Chicago Tribune, Steve Chapman recently declared the tax cuts “a mammoth fraud.” Continue reading