Magazine January 27, 2020, Issue

Happy Returns

President Trump holds sample tax forms in the White House in Washington, D.C., November 2, 2017. (Carlos Barria/Reuters)
The Trump tax cut benefits taxpayers and slightly helps the economy

Like everything else in politics today, tax reform is polarizing. Two years after President Trump signed his biggest legislative accomplishment into law, the two camps that were arguing about it remain frozen in place. Supporters, including current and former administration officials, say that the tax law led to today’s turbocharged economy. Opponents say it was a deficit-busting giveaway to the rich that has done nothing for the economy. Some of these differences are matters of perspective that can’t be resolved by facts. But evidence is emerging on others.

The tax law of 2017 was the most far-reaching set of changes to

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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