Thoughts & Essays

Surprise! Trump’s tax cut didn’t do a damn thing for us.

CNBC: Trump’s tax cut isn’t giving the US economy the boost it needs

Instead, benefits from what President Donald Trump called “the biggest reform of all time” to the tax code have dwindled to a faint breeze just 20 months after its enactment. Half of corporate chief financial officers surveyed by Duke University expect the economy to shrink by the second quarter of 2020. Two-thirds expect a recession by the end of next year.

I’m shocked. Shocked, I tell you. No one could have predicted this.