President Trump’s “tax plans hardly match his populist rhetoric. Though he sold his plan to rewrite the tax code as a boon to the average American worker in a speech Wednesday, he mostly focused on the taxes paid by America’s largest corporations,” Politico reports.
“Trump argued that his plans to cut the 35 percent corporate tax rate for the first time in 30 years would benefit regular wage earners by putting more money in corporate coffers, which he said business leaders would then use to hire more people and raise wages.”
“But most economists say companies’ shareholders would be the primary beneficiaries of a corporate tax rate cut. That’s because it would make companies more profitable, which would boost their stock price while also leaving them with more money to pay out dividends.”Save to Favorites