Trump insists that slashing the corporate tax rate from 35 percent to as low as 15 percent would free up valuable cash. Many economists foresee some benefits from overhauling and simplifying the corporate tax code, just not the extreme growth Trump is promising. One reason corporate tax cuts might provide little overall benefit is the relative health of today's economy. The AT&T executive added that "anything" would be an improvement on the current corporate tax rate of 35 percent. "The argument being made that the corporate tax cuts will somehow benefit workers is weak by the standards of 'trickle-down' arguments," Summers said.

Source: ABC News September 15, 2017 17:26 UTC