Results of the Tax Overhaul, One Year Later


Manage episode 228866589 series 2394432
By Kathy Fettke: Real Wealth Network and Kathy Fettke - Real Wealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The massive $1.5 trillion tax cut package has now had one year to work its magic on the U.S. economy, but instead of an expected economic boom, some economists are calling it a bust. One of the biggest changes in the federal tax code was a reduction in corporate taxes from 35% to 21%. That was supposed to boost corporate spending and hiring plans, and contribute to U.S. economic growth, but a new survey shows there were few long-term benefits.

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