CAP Senior Fellow Says Tax Cuts and Jobs Act Is Failing

CAP Senior Fellow Says Tax Cuts and Jobs Act Is Failing

Center for American Progress

The Tax Cuts and Jobs Act is failing because it mostly favors the highest-income taxpayers, worker wages are not increasing, deficits are growing, tax cuts are being used for stock buybacks, and healthcare premiums are more expensive, Seth Hanlon of the Center for American Progress said at a June 20 House Energy and Commerce Energy Subcommittee hearing.

The Tax Cuts and Jobs Act is failing because it mostly favors the highest-income taxpayers, worker wages are not increasing, deficits are growing, tax cuts are being used for stock buybacks, and healthcare premiums are more expensive, Seth Hanlon of the Center for American Progress said at a June 20 House Energy and Commerce Energy Subcommittee hearing.

The <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a> is failing because it mostly favors the highest-income taxpayers, worker wages are not increasing, deficits are growing, tax cuts are being used for stock buybacks, and healthcare premiums are more expensive, Seth Hanlon of the Center for American Progress said at a June 20 House Energy and Commerce Energy Subcommittee hearing.

The Tax Cuts and Jobs Act is failing because it mostly favors the highest-income taxpayers, worker wages are not increasing, deficits are growing, tax cuts are being used for stock buybacks, and healthcare premiums are more expensive, Seth Hanlon of the Center for American Progress said at a June 20 House Energy and Commerce Energy Subcommittee hearing.