The GOP's New Tax Plan Will Affect Everyone, But Will It Grow The Economy?

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The hubbub over the Republican tax plan has died down some since it passed, but the bill isn't forgotten — not by a long shot. Many Americans will see the effects already this year, when the IRS gives employers new guidance on how much money to withhold from people's paychecks. And you can bet it will be a major talking point in the 2018 midterm elections, supplemented by regular presidential tweets touting new hiring and higher stock prices. Against that backdrop, we received a wave of listener inquiries that boil down to one basic question: Will the recently passed Republican tax plan grow the economy? We decided to try to give these listeners a (relatively) simple answer. You may already know where this is going. This question asks for a prediction,...

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The GOP's New Tax Plan Will Affect Everyone, But Will It Grow The Economy?

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