The selling point of lowering the corporate tax in the U.S. is that corporations will bring back money (profits) from overseas
.Of cause they will after all the U.S cut its’ corperate rate by a third. American Corperation are going to post their foreign subsidies profits away from places like Ireland, Lichtenstein, and Paraguay that have corporate tax rate that are almost half of what the U,S. marginal tax rate will be because we reduced our marginal by almost a third.
Of cause American corporations are going to come home from places like Bermuda, and the Bahamas that have no have no general corporate income tax because we reduced our corporate income tax to 21%.
Of cause those companies that pay less then 20% presidently are going to go on an investment binge because they will now have to 20%.
Of cause the leadership of American corporations might be stupider then dirt. One never knows do one how crazy people are.
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