E The US Tax Reduction Was Supposed To Boost Productivity And Investment; It Hasn't

Perhaps some of the answer is also to be found in the growing economic inequality within the US.

Ironically a major justification of the Trump tax cuts, which were very generous to corporations, was that it would improve the competitiveness of American industry, and thus productivity growth would also speed up.   

However, this writer does not believe that the key reason behind the longer-term slowdown in productivity was because American taxes were too high.

While it is still very early in the game, it is hard to see a major boost in US productivity coming from the tax cuts.

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