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Thursday, October 1, 2020

The Meltdown of U.S. Corporate Profits


Vantage Point Trading https://ift.tt/2Gq2Ehy

One of the biggest changes brought by Trump’s administration since the 2016 election was the reduction in the U.S. corporate tax. It was one of the promises made in the 2016 election campaign, and Trump delivered.
In 2017, the Tax Cuts and Jobs Act lowered the corporate tax rate from 35% to 21%. The idea was to stimulate U.S. corporations to bring home their dollars earned abroad. For instance, corporations like Google, Apple, or Facebook…

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