Early Reviews of Trump Tax Cut Are Not Good: Capital Goods Orders Fall in December

Um, you know the tax cut doesn't actually take effect until this year, right?

It takes a true moron to suggest that one paying more in taxes will make you spend more money as the author inherently believes, but secondly and more importantly only a complete fool would suggest that capital investments (spending millions of dollars on facility construction) will suddenly spike up in a month due to a tax revision. Any person with half a brain realizes that to build a new building you need a conceptual design, a legal permit, and a finalized design before you will order that shiny new building. As Trump pointed out in his SOTU address it can take up to 10 years just to get the permit to build a new road. Anyone who suggests capital orders can be changed in a month is completely ignorant of reality and in all frankness their stupidity reflected in this argument should discredit anything else they have to say. PO1 Tony Holland