Will the tax cuts create jobs? The TCJA will not create jobs – so I believe it is misnamed and should instead be dubbed the Tax Cuts and Deficit Act. Tax cuts do not create jobs, CEOs do. And that spending would boost demand and economic growth, according to the Economic Policy Institute. But such pay increases would accelerate inflation and ultimately cause the Federal Reserve to raise interest rates more aggressively – thus braking economic growth.

Source: Forbes December 31, 2017 14:48 UTC