Three Big Lies About The Falsely Ballyhooed Trumpite/GOP Tax Cut

The third big lie was that tax cuts would pay for themselves........ corporations, which is where the tax cuts were primarily focused, used the tax cuts not to increase productivity, make investments, or grow revenues. Such investment most likely would have resulted in greater economic growth and higher tax revenue, however, the windfall was mainly used to manipulate stock prices through massive share buybacks.

 

 

 

 

 

 

 

https://realinvestmentadvice.com/the-3-big-lies-about-tax-cuts-the-economic-impact/

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.