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Paul Krugman: The tax cut is a nothing burger

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Economist Paul Krugman says the initial evidence that the Trump tax cuts are leading to economic growth is "even worse than the pessimists expected."
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Text Comments (72)
Pauli the Dog (16 days ago)
HALLO HERR KRUGMANN WAS WAREN GEO HAUSAUFGABEN
Livia Patriota (1 month ago)
BABACA COMUNSITA. From Brazil
A one legged man (1 month ago)
https://medium.com/@davesmithhvac/paul-krugmans-infamous-internet-quote-9c367d39040f
StarSeed (1 month ago)
What a lying sack of shit. The tax cuts are not the reason for the booming economy. The cutting of commie shit for brains regulations is. The fucking Nazi feds raided Gibson Guitar for using rare wood. We are up to our eyeballs in nonsense regulations.
Nik Bhardwaj (2 months ago)
https://www.youtube.com/watch?v=HO4E1bs4CbE
James Mueller (3 months ago)
Krugman was right. We actually saw faster job creation after Obama's tax hike on top earners in 2013.
quietman356 123455 (3 months ago)
Yes it s a nothing burger. But thanks for the $3200.00 net l picked up yearly in my pay. Keep those nothing burgers coming.
Christopher Lococo (1 month ago)
Liar alert
Simon Yacob (2 months ago)
quietman356 123455 Be prepared to lose it!
Dom Trussardi (3 months ago)
The MYTH that corps do ANYTHING but generate money for shareholders is alive and well in the feeble American imagination.
georgiabigfoot (3 months ago)
Wasn’t Krugman the rocket scientist who claimed the markets would collapse if Trump won ? DOW over 26k in Aug 18.
John Wayne (4 months ago)
How did this moron get a Nobel prize? He has literally never predicted a single thing correctly and is responsible for everything wrong with our economy. We just hit 4% GDP and this "genius" said that 3% was impossible.
John Wayne (2 months ago)
+Simon Yacob Come back to me at the end of the year, when GDP for this year is greater than 3. They're projecting another 4+ quarter. How much would you like to bet that Trump proves this "academic" wrong with 3 percent growth?
Simon Yacob (2 months ago)
John Wayne Don’t criticize someone when you’re too stupid to note the difference between annual and quarterly GDP growth.
Michael Wright (4 months ago)
How many times does Krugman get to be wrong before people realize he is not very good at macro economics?
SuperVerst (4 months ago)
I was thinking pretty much the same thing. For a noble peace prize winner, he's not been very accurate.
Jack smith (4 months ago)
This guy is like Biden with foreign policy, always wrong. He predicted a market crash and major recession after Trump was elected. Clueless Krugman.
Patricia Branigan (5 months ago)
Not the Democratic party that the Republican moles, the Clintons, turned into Republican Lite.
Patricia Branigan (5 months ago)
Who is this stupid woman?
Drake Koefoed (5 months ago)
I don't think I can conceive of a worse way to spend $2T.
Red894336643 (5 months ago)
There was never any strong popular demand for the tax cuts.......when has there ever been a demand for higher taxes? Does this guy listen to himself.
Red894336643 (5 months ago)
I thought Krugman said if Trump got elected the economy would collapse? Did the economy collapse, I missed it?
Pmts Pmts (6 months ago)
he said no way to get 3 percent last year..
edge2991 (6 months ago)
Wow, my company created 7 new jobs and moving us to a different larger facility, i have over 10k in savings i feel great thanks #trumpcuts #maga200
Gustavo Carvalho (2 months ago)
7 new jobs. 10k savings LMAO
Erik Haley (6 months ago)
I prepare tax returns for a living, and I can vouch that average working class people will definitely be seeing huge tax savings come next tax season. It may not help out people who live in high tax cities/states because of the property tax deduction cap at $10,000, but for everyone else it’s a welcome relief.
Dave Knox (6 months ago)
Krugman SOB crook scum full of Bull and lies shill for deep state dumb ass!!!
Orangutan (7 months ago)
Krugmann won’t be happy till we’re under full communism
J. Muller (7 months ago)
Tell this to the millions who now get more money in their checks, and that will go away if the dem.'s get power. Don't let that happen.
Dom Trussardi (2 months ago)
J. Mueller is too much of a pussy to just admit he loves rich cock in his ass. Don't take it as anything more than that, Mario.
Mario Almada (2 months ago)
LOL 3 dollars a month. I wonder what wonderful things they buy with so much money. Meanwhile, the really rich ones are getting millions of dollars a month thanks to this TREMENDOUS tax cuts. Well done kid.
Dom Trussardi (3 months ago)
LOL...what a dork. MILLIONS ARE GETTING MORE MONEY, SCHMEEPS! stfu, mook.
Bobby (5 months ago)
You have to be smarter than that man. Working class citizens getting a few thousand extra while the wealthier people who employ the working class get millions does not help the working class. Wealthy people investing in real estate is what makes it unaffordable for your grandchildren. Wealthy people keeping lots of money extra in tax goes toward their real estate. Everything you can think of makes tax cuts fools gold for the working class. But everyone should at least be intelligent enough to understand the housing situation.
Tom James (7 months ago)
too bad thats its written in the tax cuts and jobs act that the cut for average people disappears by 2027
Walter S. (7 months ago)
What Conserva tards believe is that every company has the urge the BIG URGE to invest in capital expenditures, in increasing their operational expenditures. I wouldn't if I were to run a company. I would park it or do stock buybacks. Krugman hit the nail on the head.
Red894336643 (5 months ago)
Walter S. You couldn’t be more wrong Issued is that can be sold, Outstanding is stock that has actually been sold. Repurchases stock is call Treasury Stock. You failed, should have looked up on Google. You tried to wing it and screwed it up. Your stupid. Do you know the main difference between Preferred Stock and Common Stock?
Walter S. (5 months ago)
Red894336643 go back to work kid. I'm busy. issued are those sold and outstanding are those not reacquired. someone who calls out saying I'm some training irs agent and saying I have an accounting degree has some self esteem major malfunction problem. very sad, turd.
Red894336643 (5 months ago)
Walter S. You could not even answer a simple financial accounting question because you’re full of BS. Do you know the difference between Stock that is issued vs outstanding? That one should be easy.
Walter S. (5 months ago)
For a tax man in training with a degree in accounting, that's questionable if you can't spell a simple word like liar. Now I would have question about you checking the numbers. Trump University, Magnum Sine Laude?
Red894336643 (5 months ago)
Walter S. Clearly you know nothing about financial accounting or taxes.
ConservativeAnthem (7 months ago)
What the hell is wrong with this guy? He only cares about politics, not economics or being right. Failure!!
Серж Шуляченко (7 months ago)
In France, the strikes of SNCF railwaymen and Air France pilots have been on for a month already. 10 May Macron will receive the award of Frederick the Great - Bilderberg Club
Western Cryptographer (7 months ago)
Contact me: westerncryptographer@gmail.com. I’ll by offering mentorship on how to make amazing profits in the crypto currency market This offer will be available for a limited period of time.
Roger Nevez (7 months ago)
such a demogogue
night mark (7 months ago)
The biggest scam in wall-street is this time is different. First the Republicans tell us that when the rich will get richer also you will get richer, now they peddle say if the rich get richer you might get a job because they will hire more people. Yup this time is different the rich and the poor got more dumb.
Mike (7 months ago)
fake news
Not Todd Howard (5 months ago)
Mike Conservatard doesn't understand math World shocked!
Tom James (7 months ago)
what are you saying, that companies ARE investing? theyre not. this is easily measurable
Nick Golina (7 months ago)
CNN one o one: Ignore decades of history and create false equivalencies because Republicans lie and CNN still needs to call it even. This isn’t journalism
takoleta (7 months ago)
Not surprised that the tax cut for Corporate America is not creating jobs in the USA; for those who advocated for the tax cut, where are the jobs and pay raised?????? 😂🤣😅😜
John O'Mara (2 days ago)
Both of those things have happened.
makingadifference (3 months ago)
+James Mueller If the tax cuts haven't done anything then why are there more jobs than people to fill them? Common sense suggests companies are doin very well and thus can afford to hire more and more workers. That is a direct result of the tax cuts. Obama led the slowest recovery on record because his policies weren't progrowth. That's a fact. Democrats cannot lead a booming economy because they always advocate for raising taxes which by definition is antigrowth. Unfortunately people wont get their tax returns until after the midterms which would really drive home the point.
James Mueller (3 months ago)
+ makingadifference - The tax cuts haven't done anything. Job creation is actually slowing compared to Obama's last years in office.
makingadifference (3 months ago)
+Yolanda Rodriguez Sorry that happened but that was the result of NAFTA so its a good thing Trump just renegotiated it with Mexico and Canada still coming.
georgiabigfoot (3 months ago)
Yolanda Rodriguez Krugman was wrong about the stock market if Trump won and that’s his self proclaimed specialty
Joshua Bare (7 months ago)
I do agree that wages could be higher due to the corporate tax cuts but in all honesty the money will most likely be made for making more money and not raising wages. That’s life.
batsha (7 months ago)
It's sad when he's trying to tell cnn the truth about the scam
makingadifference (3 months ago)
Only, he's ignoring reality. All financial news are good. Buybacks are good for shareholders who happen to be us! Why they act like shareholders are aliens is ridiculous.
batsha (7 months ago)
Yup so no investment. Stop lying cnn still could do what? we know it was a scam it's time we hold all of these crooks accountable! Vote in nov for anyone who tells the truth about this tax scam