The tax cuts instituted by the Trump administration in 2017 were designed with the ultimate goal of growing the economy by up to 6% and stimulating business investment. However, these economic policies have failed to achieve their goal of sustained economic growth. These failed economic policies can be seen in the American economy today. The primary goal of these policies was to create sustained economic growth by encouraging business investment. However, business investment has declined for two straight quarters, and this has led to an average GDP growth of two percent. Also, according to the article, the ISM index, a key measure for the health of the U.S. manufacturing sector, “registered its lowest number in ten years.”
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