Economy ‘Responding Auspiciously’ to TCJA, White House Says

White House

U.S. Council of Economic Advisers

The economy is “responding auspiciously to the positive tax shock” of the Tax Cuts and Jobs Act in various ways such as improving output and investment, hiring, and employee compensation, and permanently extending its provisions would have positive long-term effects, according to the Economic Report of the President.

<p>The economy is “responding auspiciously to the positive tax shock” of the Tax Cuts and Jobs Act in various ways such as improving output and investment, hiring, and employee compensation, and permanently extending its provisions would have positive long-term effects, according to the Economic Report of the President.</p>