Trump Said Tax Cuts Would Be 'Rocket Fuel' For The Economy. Analysis Shows They Haven't
The nonpartisan Congressional Research Service released analysis of the tax cuts this month, and it shows they've had very little economic impact since being signed into law in 2017.
When President Trump signed the Tax Cuts and Jobs Act into law in December 2017, he hailed it as a major legislative victory — calling the cuts “rocket fuel” for the U.S. economy and claiming they would pay for themselves.
But according to an analysis released earlier this month by the nonpartisan Congressional Research Service, the $1.5 trillion tax package has had a minimal economic impact.
“It’s no surprise,” says , senior fellow at the Urban-Brookings Tax Policy Center, adding independent analysis
