Giving companies more incentive to invest, then, won’t do much if they don’t have a reason to invest in the first place — which they haven’t recently.
This raises the possibility that the Trump tax cuts won’t just be regressive but almost cartoonishly so. Consider this: According to a separate analysis by the left-leaning Institute on Taxation and Economic Policy, the Trump tax cuts will help corporations so much that foreign investors will get almost exactly as much money from them this year as the bottom 60 percent of American households combined.
It’s certainly a strange way to put America first. Read more