I used boom and not boon because the few dollars each week a wage earner may get is more than offset by reality. The tax cut was designed for companies and not the average American. Non-public companies like Trump’s, Koch’s, and others are able to pocket the entire cut. A few public companies gave one-time bonuses. One big Republican donor is Wall-Mart. It was touted as giving raises because of the tax cut, but raises were scheduled more than a year before. They offset by closing almost a hundred stores and laying off hundreds of higher paid managers.

The offset is the rising National Debt which raises interest rate. The Federal Reserve will be raising the rate three more times this year and more times next year. A few dollars each week doesn’t overcome the credit card, auto, and mortgage rate increases.

The tariff Trump is putting on the items we buy means the items cost the consumer money even if paid in cash. Add the tariff increases to credit increases and the tax cut is a net loss to the average consumer. Increasing an item’s cost may cause consumers to not buy an item made overseas or here because the domestic manufacturers are already raising their prices to match the tariffs. Now we don’t buy the more expensive items so Americans lose their jobs.

Future Presidents will have to raise income taxes to pay down the massive debt. As interest rates increase a greater portion of the yearly budget will go to paying the interest just as Greece and other debtor nations do. The rich will move elsewhere leaving the rest of us to suffer the consequences.