This looks right: the tax cut should produce a stimulus, but it won't get bigger and its effects should if anything fade out over time. Aside from being bad policy, this is also bad politics 1/ vox.com/policy-and-pol…
As I understand the political science literature, the economy doesn't matter much for midterms, and what matters in the presidential year is the rate of growth, not the level. So Rs got little if any boost last month, and won't see any payoff in 2020 2/
Or to put it another way, my party blew a $2 trillion hole in the budget and all I got was this lousy T-shirt 3/
