The most important thing in the entire bill is the corporate tax rate, which is now 35%. Despite what is popularly believed or stated, the corporate tax rate has a meaningful impact on what cash gets spent by large corporations. He asked the attending group how many of them would hire more people when the corporate tax rate was cut. The lack of hands in the air after Cohn's question has led many to believe that the corporate tax rate doesn't matter. However, when proposed projects get evaluated inside a large corporation, they all use an assumption of a 35% corporate tax rate.

Source: Forbes November 29, 2017 15:33 UTC