[Ed. – Et tu, Marco? At least wait until people file their returns for the 2018 tax year to draw conclusions about that. The effects only kicked in four months ago.]
Republican Sen. Marco Rubio of Florida told The Economist in an interview published last week that the new GOP tax law so far hasn’t been the boon to American workers that his party promised it would be.
In the run-up to the tax bill’s passage late last year, Republicans argued that a lower corporate tax rate — cut to 21% from 35% — would save companies money that they would then invest in higher salaries and bonuses.
Rubio, a 2016 Republican presidential candidate, suggested that hadn’t come to fruition.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio said. “In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”