Money in your pocket: the GOP view of the tax law

Trump's signature on the tax law
President Trump's signature on the tax law. Photo: Brendan Smialowski / AFP /Getty Images

Republicans are pleased with the immediate aftermath of their tax law, citing a long string of bonus and wage increase announcements as evidence that it's helping the middle class. This clashes with Democrats' insistence that the tax bill is a handout to the wealthy.

Why this matters: Both parties have 11 months to convince voters their narrative about the tax bill is correct. While the law is still unpopular, its approval numbers are improving. And Republicans feel confident that the upcoming increase in take-home wages — which the vast majority of Americans are expected to receive — will change some minds.