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Tue Dec 25, 2018, 09:08 PM

The tax law is 1 year old -- here are the winners and losers [View all]

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President Donald Trump made some bold promises last year when he signed the Tax Cuts and Jobs Act into law on Dec. 22, 2017. Among the boldest -- that middle-class workers would see a pay increase of $4,000 to $9,000 and that the richest Americans wouldn't gain "at all" under the plan.
By those measures, the tax reform package has fallen short, some experts say. Wage growth remains modest, and most middle-class taxpayers have seen only a middling financial boost from lower tax rates, which declined by about 1 percent to 4 percent.
Meanwhile, the biggest benefits went to the rich and "increased the inequality of income," wrote William G. Gale, the co-director of the Urban-Brookings Tax Policy Center, this week in an article for the Brookings Institution. He also said the tax cuts are unlikely to boost long-term growth and could mire the economy in debt.

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https://www.msn.com/en-us/money/taxes/the-tax-law-is-1-year-old-here-are-the-winners-and-losers/ar-BBRhLwc?ocid=spartandhp

Big surprise.
Big businmess and the rich made out like bandits. And our children will pay for it.

Typical GOP economics

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