Republicans tout their massive tax cut – but is it a boost or a bust? | Gene Marks

Have you done the number-crunching that’s required to truly know how the legislation will affect you and your business?

In a hearing last week, the House small business committee took testimony from small business owners around the country to find out how tax reform was affecting them. Given that the committee is Republican-controlled, it wasn’t hard to guess what was said.

“As a direct result of tax reform we have upgraded and replaced 12 doors in the frozen foods section of our store during the past few months,” Wettlin Treppendahl, the owner of Treppendahl’s Super Foods in Woodville, Mississippi testified. “This may not sound like big project to some people but that investment cost over $65,000 and most importantly provided work for our local refrigeration company.”

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Almost 80% of US workers live from paycheck to paycheck. Here’s why | Robert Reich

America doesn’t have a jobs crisis. It has a ‘good jobs’ crisis – where too much employment is insecure, and poorly paid

The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.

But the official rate hides more troubling realities: legions of college grads overqualified for their jobs, a growing number of contract workers with no job security, and an army of part-time workers desperate for full-time jobs. Almost 80% of Americans say they live from paycheck to paycheck, many not knowing how big their next one will be.

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