So far, it doesn’t look like the GOP tax law has prompted the investment boom Republicans promised
- Republicans promised that the Tax Cuts and Jobs Act would lead to a boom in US business investment.
- A new survey from the National Association for Business Economics, or NABE, showed that few companies are increasing investment or hiring due to the tax law.
- The survey also matches the most recent data on capital expenditures that shows no meaningful boost.
- On the other hand, few firms reported negative outcomes due to President Donald Trump’s tariff policies.
One of the cornerstone Republican arguments during the debate over the tax reform bill was that the business tax cuts would lead to an investment boom in the