By Chris Macke of Penn Live
In the selling of the Tax Cut and Jobs Act (TCJA) leading up to its passage, Americans were promised skyrocketing job growth. In a November 4, 2017 Tweet then Speaker Paul Ryan wrote, “Tax Cuts & Jobs Act will create nearly 1 million new jobs.”
Unfortunately for the American people that has turned out to be just another broken promise made by a politician.
In the 18 months following passage of the TCJA job creation was only 470,000 greater than the number of jobs created during the 18 months prior to passage of the TCJA, less than half of the million additional jobs promised. At $1.9 million in additional debt, each of the 470,000 additional jobs came at a cost of more than $4,000,000 per job. How bad of a return on investment is that for the American taxpayer?
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