Mark Whitehouse, Columnist

Trump Tax Cuts Gave Workers a Sugar High

They worked, though not in the most desirable way, the latest data suggest.

February 1, 2019 at 2:52 PM UTC

Mark Whitehouse is a member of the editorial board covering global economics and finance. Previously, he reported on economics for the Wall Street Journal and was managing editor of Vedomosti, a Russian-language business daily.

Possible beneficiaries.
Photographer: Spencer Platt/Getty Images

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When President Donald Trump signed the Tax Cuts and Jobs Act into law in December 2017, his administration said it would benefit regular Americans — in large part by boosting their wages.

The verdict more than a year later: To some extent it might have worked, but not for the right reasons.