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September 18, 2017

Would corporate tax cut boost growth?

  • Many economists see some benefits from overhauling and simplifying the code, but not the extreme growth President Trump is promising.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — For President Donald Trump, what's good for General Motors is great for American workers. Same for Boeing. And AT&T. Not to mention small businesses.

    Trump insists that slashing the corporate tax rate from 35 percent to as low as 15 percent would free up valuable cash. Companies would use the money to boost investment, increase employees' pay, accelerate hiring and speed economic growth. What's more, corporations that now keep trillions overseas to avoid U.S. taxes would bring the money home. American companies could better compete with rivals based in countries with lower tax rates.


     
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