Are the Tax Cuts Working? What to Watch in 12 Charts

It could be years before the U.S. feels the full impact of last year’s tax law, but until then here’s where to look

Theo Francis and

Ben Leubsdorf

June 18, 2018 8:00 a.m. ET

Exactly how well is the tax cut working? U.S. economic activity is on a solid trajectory this year, and overall growth is on track for a strong second quarter after a modest slowdown in the early months of 2018.

But it remains unclear how much credit goes to the tax law. Both critics and supporters say it will take months or years to draw conclusions on the law’s effect.

Meanwhile,...