Mark Whitehouse, Columnist

Tax Cuts Still Don’t Seem to Be Helping Workers

Companies getting bigger breaks aren’t giving bigger raises.

May 4, 2018 at 3:50 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.

Not trickling down so far.
Photographer: Bloomberg/Bloomberg

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Have corporate tax cuts made American workers better off, at least in terms of pay? It’s still pretty hard to see in government employment data.

Let’s be clear: It’s still too early to judge the success of the Tax Cuts and Jobs Act, which President Donald Trump signed into law in December. The important test will be whether it leads companies to do more investment in coming years, boosting the economy’s longer-term growth potential.