Tax cuts might not lead companies to do what the White House wants, top Trump adviser learns - News Summed Up

Tax cuts might not lead companies to do what the White House wants, top Trump adviser learns


During #wsjceocouncil interview with Gary Cohn, WSJ asks CEOs to raise hands if they'll boost investment if rates cut3. The second most popular response was stock buybacks, where companies purchase some of their own shares to drive up the price. The Trump White House says that it is going much further than President George W. Bush did in 2004 with the tax holiday. Trump's tax plan also calls for the biggest reduction in the corporate tax rate: from 35 percent down to 20 percent. More than 400 millionaires tell Congress: Don’t cut our taxesThe Finance 202: Roy Moore debacle endangers GOP's tax revamp dreams


Source: Washington Post November 14, 2017 21:58 UTC


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