Experts say it's too soon to tell if new tax law is a success

Americans are starting to see some of the impact of the tax plan in their paychecks, and polls are showing more support for it in recent weeks. But some tax experts say it may be too soon to declare the tax plan a winner. Officials at one Onondaga County business say the tax plan is already making a big difference for its 800 employees. Suit-Kote president Frank Suits announced last week that his company is beefing up employees retirement, and increasing pay by two percent. He also said the new tax structure makes it easier to invest. “We can plan our investments both short and long term, and look at a broader scope of projects that we couldn’t have considered in the past,” said Suits. But Len Burman, a professor at Syracuse University’s Maxwell School and a co-founder of the Tax Policy Center, is among those who say it is simply too soon to gauge the impact of a plan that cuts corporate tax rates, income tax rates, doubles the standard exemption, and eliminates personal exemptions.