Trump Risks Stepping on Gains From His Own Tax Cuts

New York Times: “Many people won’t see a significant change in how much tax they owe. The overall economic effect was expected to be minor. And even for people who were set to benefit from the new tax cuts, a larger refund this spring might not be enough to shape how they vote in the fall.”

“Now, a surge in oil prices, brought on by the war against Iran that President Trump chose to launch, is threatening to raise costs across the economy and cut into the already modest stimulus the tax cuts were poised to deliver in the coming weeks.”