Is Tax Reform Already Working? New At Reason

To read the press releases, you might think the GOP’s new tax reform law is already a smash success.

The legislation, which permanently slashed corporate tax rates from 35 percent down to 21 percent, was only signed into law last month. But more than 100 companies have already indicated that they will make big moves to benefit workers and the economy—including raising wages, handing out bonuses, granting 401(k) increases, and committing to increased capital investment—while citing the law’s reduction in the corporate income tax rate as at least part of the reason.

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