Thank You, Tax Reform
“The American economy is a tremendous engine of prosperity when politicians get out of the way, and for proof look no further than Thursday’s report on fourth-quarter growth,” The Wall Street Journal editorial board writes. “Tax reform and deregulation, take a bow.”
Yesterday, the White House Council of Economic Advisers reported that America’s economy achieved 3 percent growth for the first time in 13 years in 2018. Its Chairman, Kevin Hassett, “made these predictions in the heat of the 2017 tax reform debate and was ridiculed by progressive economists . . . But the evidence of the last two years is that deregulation and tax reform spurred private capital investment exactly when a long-in-the-tooth expansion needed it to avoid recession.”
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