Republicans and Donald Trump are celebrating getting one of their key campaign promises accomplished before Christmas. They have sold the “Tax Cuts & Jobs Act” to the public by claiming it will spur mass corporate spending and job creation. Unfortunately, they are using flawed economic logic, not including
The key talking point as Republicans attempt to accomplish one of their key campaign promises, tax cuts, has been the promise the corporate tax cuts will create strong economic growth, higher wages, and more jobs. The economic text books tell us if corporations are allowed to keep more of their
Apparently in Congress, your opinion on the deficit changes based on whether or not your party controls the White House. In 2011 Republicans were willing to die on the hill of fiscal responsibility when President Obama asked for a debt ceiling increase. Democrats argued we needed to spend the money
Nearly a year ago Republicans took control of Washington. During the election campaign they promised big changes that would spur a sharp increase in economic growth. One of the primary drivers of their plan was to slash taxes. A year later we finally are seeing their ideas take shape and
After stumbling for 8 weeks, market participants seem to be turning their focus on the positive news. Late last week President Trump announced intentions to release “significant” (yuuge) tax reforms this week. The market immediately shot higher, apparently forgetting the fact saying you are going to do something
