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5 ways to assess whether the GOP tax plan is delivering
Economy
Published in 9-1-2018
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WASHINGTON - If President Donald Trump and his Republican allies are right, the $1.5 trillion tax cut plan they sped into law last month will make individuals and businesses more prosperous. Paychecks will grow. Stocks will surge further. Consumers will spend more. The economy will accelerate. Critics counter that the tax plan will mainly enrich the already wealthy and swell corporate profits while leaving most ordinary households with comparatively modest tax cuts - and, eventually, tax hikes. So how best to judge who's right? As soon as summer, it may become clear whether the tax cuts have unleashed stronger consumer spending. But it could take years to know whether many people are enjoying the generous pay raises.
Reference: www.chron.com