Too add to what SRS said about Big Business raising prices, and instead of hiring they do stock buybacks (those used to be illegal) and other things to boost CEO pay and reward investors. The big achievement of the first year of the Trump administration was a massive tax cut, especially generous to the wealthy with corporate tax rates at an all-time low. Now you will notice that whenever Republicans want to push their corporate welfare agenda those rich arseholes become "Job Creators". Well it's a lie. At the end of Trumprule the GAO studied the effect of those corporate tax gifts and found that very little of that money was used to create jobs. It was used to pay down debt and buy back their stock.
It's always a rehashing of Reagan's trickle down economics which George H.W. Bush (the primary rival not the running mate) tagged as "Voodoo Economics" whenever they want another corporate handout. It's always a lie.