I don't claim to be an economist, other than what I learned in high school and community college, but the tax code is a valuable tool for keeping America vibrant. It is not something to be toyed with to help your buddies.
Why does this escape Washington? Guessing the dark money.
Corporate America would have been tickled to get a 5% tax break rather than breaking our treasury with 15%. An across-the-board cut like that is ignorance in my mind -- very little "trickle down" is left when the stock buybacks are massive. That also leads to massive deficits and ultimately massive debt.
This is very sloppy and shallow thinking legislation from our lawmakers, much akin to a short sugar high.
The corporate rate should have remained the same, and the companies that stay in America and hire Americans should get the ultimate tax breaks. Those that outsource their business should get zero tax breaks for their expenses.
If you want to make America great again and really believe in "America first," prove it. The answer is simple: Stop rewarding those greedy entities that outsource, and instead reward American companies who are located in America and hire Americans.
Mark Magwire, Lincoln