Investment Boom From Trump’s Tax Cut Has Yet to Appear

FILE-- Vice President Mike Pence and President Donald Trump look at a front-end loader made by Caterpillar during a Made In America product showcase event, on the South Lawn of the White House, in Washington, July 17, 2017. After years of costly layoffs and plant closings, things are looking up for the heavy-machinery giant Caterpillar, which forecasts solid global sales growth and increased demand in 2018. Yet despite the corporate investment incentives at the center of Trump’s tax overhaul, the company’s executives have no plans to supercharge investment or expansion. (Tom Brenner/The New York Times)