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Don’t Forget, Trump’s Tax Cuts Brought Down Your Electricity Bill

Despite what its detractors say, the Tax Cuts and Jobs Act passed last year has been an unqualified success. Unemployment is at its lowest rate since 1969, wages are rising in critical industries like manufacturing, and we now have a situation where employers are struggling to find employees, not unemployed people struggling to find jobs. Economic gains were part of the sales pitch for the tax cuts, but Minnesotans have also experienced a host of unexpected benefits from them, including refunds from electric utilities. Because the tax cuts reduced the corporate tax income tax rate from 35 percent to 21 percent, Xcel...

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