What may have obscured this dismal result was the spate of bonuses that big employers offered to workers, which was foolishly ascribed by some pundits (but not all) to the tax cuts. The CRS cites an estimate that the bonuses worked out to about $28 per U.S. worker. The analysts also observe that at least to some extent the bonuses reflected a tightening of the overall labor market and were “attributed to the tax cut as a public relations move.”

Source: Los Angeles Times May 29, 2019 17:03 UTC