Trump Said Tax Cuts Would Be 'Rocket Fuel' For the US Economy

According to Business Insider, President Donald Trump said tax cuts would be the "rocket fuel our economy needs to soar higher than ever before." A new Bank of America Merrill Lynch analysis found that a little over one year after the Tax Cuts and Jobs Act was signed into law, that expectation hasn't panned out. The analysis found that one reason for this is growth expectations are a bigger driver of capital expenditures than the actual cost of capital.