Who will reap the wealth of the GOP corporate tax cut?
The corporate tax rate is set to drop 14 percent under the new tax bill. Will big businesses invest more in American plants and factories? What will it mean for American workers? Economics...
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But now, back to the Republican efforts to pass an overhaul of the U.S. tax code. Tonight, our economics correspondent, Paul Solman, looks at some key questions surrounding the dramatic cut in corporate taxes. It`s part of our weekly series, "Making Sense," and part of our ongoing coverage to understand the potential impact of the bill. (BEGIN VIDEOTAPE) PAUL SOLMAN, PBS NEWSHOUR ECONOMICS CORRESPONDENT: Let`s slice off the corporate tax cut, the largest and most permanent of the cuts in the bill. To spare you mind-numbing numbers popping up next to my arm here, let`s keep the math super-simple. The official top U.S. corporate rate for all firms making taxable profits in America: 35 percent, although, of course, that`s before deductions, some of w...
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But now, back to the Republican efforts to pass an overhaul of the U.S. tax code. Tonight, our economics correspondent, Paul Solman, looks at some key questions surrounding the dramatic cut in corporate taxes. It`s part of our weekly series, "Making Sense," and part of our ongoing coverage to understand the potential impact of the bill. (BEGIN VIDEOTAPE) PAUL SOLMAN, PBS NEWSHOUR ECONOMICS CORRESPONDENT: Let`s slice off the corporate tax cut, the largest and most permanent of the cuts in the bill. To spare you mind-numbing numbers popping up next to my arm here, let`s keep the math super-simple. The official top U.S. corporate rate for all firms making taxable profits in America: 35 percent, although, of course, that`s before deductions, some of w...
