The U.S. Economy Reverts To A Pre-Tax-Cut Growth Rate
Shoppers at an outlet mall exit an Adidas store on May 21, 2019 in Los Angeles. Photo credit: FREDERIC J. BROWN/AFP/Getty Images
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The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out.
The US economy grew robustly in late 2017, perhaps partly due to expectations for a coming tax cut (which Congress passed in late December of that year). But…