How businesses are really spending their tax cuts

[McFurd]

CNN Money - 5/22/2018 - Matt Egan - The Republican tax cuts enacted last December immediately sparked millions of one-time bonuses for employees as well as some wage hikes. And the windfall led to a record-shattering stock buyback bonanza that enriched shareholders. However, the promised investment boom has not materialized -- not yet anyway. Business spending is humming along at healthy levels, but economists see little evidence that the tax cuts sparked an acceleration of investments in new equipment, factories or other projects. Read more @ http://money.cnn.com/2018/05/22/investi ... index.html