Quote:
Trump tax cuts did little to boost economic growth in 2018, study says
In all, GDP rose 2.9% for the full calendar year, the best performance since the financial crisis. But that came in an economy already poised to move higher, economists Jane Gravelle and Donald Marples wrote.
The study indicated that the tax changes contributed only marginally to the overall economic economic gains — maybe 0.3% of a “feedback effect.” The economists say that for the tax cuts to pay for themselves, as Trump has promised, GDP would have to rise by 6.7%.
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Its why HW Bush called it Voodoo Economics. Why do they do it every so often? Its not their money and they fool people into thinking it goes for a good cause.
https://www.cnbc.com/2019/05/29/trum...tudy-says.html
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The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite. Thomas Jefferson
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