The biggest effect of the Trump tax cuts is obvious: People who own
businesses and other sources of concentrated wealth will have a lot more
money, and the federal budget will have less. But the advocates of the
tax cuts insisted it wasn’t about letting the makers keep their
hard-earned money rather than handing it over to the takers. It was
about incentivizing business to repatriate funds and ramp up its
investments, thereby increasing growth and wages.
Publisher: NY Magazine | Author: Jonathan Chait