The 2017 Tax Cuts and Jobs Act was marketed as a means to stimulate job growth and increase wages for American families. However, eight years later, the promised economic benefits have largely failed to materialize. Instead, corporations reaped significant profits that primarily benefited shareholders through stock buybacks and dividends rather than reinvestments in labor or innovation. An April 2025 report substantiates this trend, revealing that corporate profits soared post-TCJA while addressing inequality and wage growth remained stagnant, leading to renewed questions about the efficacy of the tax cuts.
The 2017 Tax Cuts and Jobs Act primarily benefitted corporate shareholders, exacerbating inequality while delivering minimal assistance to working families.
Despite promises of job creation and rising wages, the TCJA led to record corporate profits without corresponding benefits to the broader economy.
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