This podcast episode explores the effectiveness of the Tax Cuts and Jobs Act, which aimed to stimulate economic growth and increase revenue through corporate tax cuts and provisions for individuals. While the Act led to some positive outcomes such as increased business investment and wages, it fell short in other areas, with most tax cuts not significantly impacting economic growth. The costly corporate tax cut also had a negative effect on tax revenue. The episode discusses the differing opinions between Republicans and Democrats on tax policy and the potential for future changes. Overall, the Tax Cuts and Jobs Act did not fully live up to its promises, and the debate on tax policy continues.
