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Transcript

00:00:00
>> Tramedous things for businesses, for people, for the middle class, for workers.>> It's the only big legislative achievement for republicans since president Trump took office. But now prominent Republican Senator Marco Rubio says there is quote, no evidence whatsoever that the GOP tax overhaul has significantly helped American workers.
00:00:23
That comment comes from an interview with the Economist magazine and could very well undercut his party's message about the tax law, which went into effect this year ahead of the 2018 midterm elections.>> We will cut taxes for everyday, hard working Americans.>> Trump and other Republicans said their tax overhaul will lead to more take-home pay for workers and have touted the bonuses some workers received from their employers as evidence the law is working.
00:00:53
>> Now you have all of the big, I mean, so many of the big companies have given bonuses to the people that work for the companies, that was unexpected. Nobody thought that was going to happen.>> A tax overhaul which sailed through the Republican controlled Congress in December without Democratic support permanently cut the top corporate tax rate from 35% to 21%.
00:01:13
Tax cuts for individuals, however, are temporary and expire after 2025. A poll of registered voters done in April by Politico found that only about a fifth of those surveyed were noticing more money in their pay checks. Some economists say it could be too early to notice a significant change.
00:01:33
But one economist cited in a New York Times report on recent US economic growth noted that quote,longer term the immediate benefits of tax reform will fade and what we'll be left with is the bill.