![]() ![]() Businesses did not use the windfall of new cash to invest in new machines, technology, office parks and manufacturing plants. And faster economic growth and higher wages would result in more tax revenue, thus paying mainly for itself. Workers would then supposedly see an additional $4,000 per year in wages. These investments, the argument went, would translate into more productivity growth. Showering the richest Americans and corporations even more money was supposed to lead to more business investments. Republicans in Congress and President Trump touted the benefits of Tax Cuts and Jobs Act of 2017 as game changing.
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