The tax cut isn’t trickling down to workers

Nearly one year ago, the Republican Congress passed and the president signed the controversial and partisan Tax Cuts and Jobs Act (TCJA). Proponents sold this law as a middle-class tax cut that would dramatically increase business investment, raise wages, and simplify the tax code.

But more than 11 months later, there is little sign that any of these promises will be fulfilled. Instead, it is increasingly clear that the tax law isn’t just a wasteful giveaway — it is harming the economy, workers, and the U.S. fiscal position in important ways.

This article was originally published in MarketWatch.