by Mike ‘Mish’ Shedlock
The TCJA was supposed to increase US corporate investment and repatriate corporate cash. It did the opposite.
TCJA Side Effects
The Tax Cuts and Jobs Act of 2017 added an estimated $2.289 trillion to the national debt over ten years,
It also led to greater income inequality, higher healthcare costs, and a higher trade deficit.
The TCJA was supposed to increase US investment and repatriate corporate cash held overseas but it had the opposite impact according to Brad Setser at Follow the Money.