Brooks on Tax Bill: Seems Like ‘What the Trump People Told Us Would Happen Is Happening’

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that the GOP tax bill is working better than he thought it would and the evidence “seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money.”

Brooks stated, “I was against the Trump tax cuts. But the early evidence is that they’re working better than I thought. And so, in the first quarter, among S&P companies, capital expenditures are up 39 percent. That’s a seven-year high. That’s far higher than a lot of us thought. Stock buybacks, which is just giving people — to shareholders, that’s only 16 percent. So the evidence from just the first quarter seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money....
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