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One Year After Trump’s Tax Cuts, the Only Obvious Winners Are Investors

One year ago this week, Congress passed the Tax Cuts and Jobs Act, the Republican Party’s single most significant domestic policy accomplishment under the Trump administration. The legislation slashed rates on corporations and individuals while rejiggering the country’s system of international taxation. The cost was initially estimated at almost $1.5 trillion over a decade, and the projected price tag has only increased to about $1.9 trillion since it was enacted.



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