Reprinted with permission from AlterNet.
Republicans’ massive tax reform bill — largely a giveaway to corporations and the super wealthy — was supposedly justified by a massive boom in the American economy that would make everyone, not just the most direct beneficiaries of the cut, richer.
It hasn’t happened.
In fact, we’re not just missing out on a massive economic uptick. The stock market appears to be in absolutely dire straits, boomeranging wildly and hanging on by a thread, since the tax bill was passed.
“All the four major U.S. stock indexes declined at least 4.6% for the year through Friday — and they’re poised to all finish with negative annual returns for the first time since 2008.…