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You don’t need to follow the president’s Twitter feed to read glowing accounts of the massive tax cuts he championed through Congress late last year. Simply skim the glitzy headlines and press releases coming out of corporate America these past couple months, where CEOs and public relations firms are working overtime to tell you about all the worker bonuses they’re doling out.

“Today, we are building on investments we’ve been making in associates, in their wages and skills development,” Walmart CEO Doug Macmillan said in a company press release. “Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”

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Josh Hoxie directs the Project on Taxation and Opportunity at the Institute for Policy Studies. Bob Lord is an associate fellow at the Institute for Policy Studies.