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Are the Trump tax cuts causing Americans to splurge?

“The tax cuts signed by President Trump obviously have played a role” writes Jeffry Bartash for marketwatch.com. Americans have been spending so much money the past few months the economy is likely to grow more than 4% in the second quarter, suggesting the Trump tax cuts are having their intended effect.Even if the tax cuts themselves only amount to a small amount of extra cash for the typical household, they can still dramatically effect the economy in broader ways, some economists contend. If the U.S. tops 3% GDP in 2018, however, it would suggest the tax cuts had a so-called multiplier that exceeds, at least temporarily, what the vast majority of dry statistical models suggested was likely.
 
Source: marketwatch.com



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