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IT’S OFFICIAL: The GOP tax law was a political flop

According to a new exit poll, the GOP tax cut law did not move the needle for voters in the 2018 midterm elections.
House Speaker Paul Ryan and President Donald Trump.

This was the perfect jobs report for Trump and the GOP

The strong jobs report and wage growth could be a boost for President Donald Trump and the GOP heading into next week's midterm elections.

Trump’s top economic adviser Larry Kudlow says the federal minimum wage is a ‘terrible idea’

Larry Kudlow, Trump's economic adviser, said the federal minimum wage doesn't make sense and corporate tax cuts are the best way to boost pay.
Paul Ryan speaks in front of the campaign's "national debt clock" in Dover, New Hampshire.

The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession

The amount of debt that the US government will issue in 2018 is projected to be $1.34 trillion, a 146% increase from 2017 and the highest since 2010.
House Speaker Paul Ryan, President Donald Trump, and Rep. Kevin Brady.

So far, it doesn’t look like the GOP tax law has prompted the investment boom Republicans promised

A survey from the National Association for Business Economics found 81% of US businesses said the GOP tax law hadn't changed their investment plans.
Donald Trump and Mitch McConnell

Americans hate Republicans’ idea to cut Medicare, Medicaid, and Social Security to bring down the soaring deficit. And they have another idea th...

Americans would rather deal with the federal deficit by reversing the GOP tax law instead of cutting entitlements like Medicare and Social Security.

Trump’s bewildering new tax cut proposal is ‘the height of cynicism’ and an admission the GOP tax law failed politically

President Donald Trump's shock announcement that the GOP was working on a new tax cut is an implicit admission that the GOP tax law didn't win voters.

Trump denies that he started talking about a mysterious new tax cut because the original GOP tax law is unpopular

President Donald Trump rebuffed the suggestion that his new surprise tax cut promise from Saturday was made only because the perception of the initial GOP tax reform law is so negative.
President Donald Trump

Trump is already backtracking on his promise for a ‘very major tax cut’ before the midterms

President Donald Trump's promise of a second tax cut aimed at the middle class is quickly unraveling, since getting such a bill passed before the midterm elections in November would be practically impossible.

One of Republicans’ biggest promises about their tax law is coming apart at the seams

Republicans claimed that the new Tax Cuts and Jobs Act would pay for itself or even decrease the federal deficit. But based on new numbers from the Treasury Department, that doesn't appear to be happening.