2 Years Later, Trump Tax Cuts Have Failed To Deliver On GOP's Promises
President Trump said it would be "rocket fuel for our economy," but the Republican tax cut passed two years ago did not pay for itself as promised — nor did it deliver a sustained boost to growth.
Two years ago today, Republicans in Congress passed a sweeping tax cut. It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it looks more like a costly lump of coal.
Passed on a party-line vote, the tax cut is the signature legislative accomplishment of President Trump's first term. Trump campaigned hard for the measure, promising it would boost paychecks for working people.
"Our focus is
