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In December 2017, the US passed the largest corporate tax cut in US history. It was called the Tax Cuts and Jobs Act (TCJA) but most people referred to it as the “Trump tax cuts”. Advocates of the legislation promised that the cuts would boost investment, spur economic growth, and increase wages, ultimately benefiting the broader US economy. Meanwhile, opponents said it would mostly benefit large companies and rich people, increasing inequality and ballooning the tax deficit. Now, with several years of data available, economists have started to assess the actual impact of the reform — and it’s…

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