As conferees from the U.S. House and Senate try to reconcile their two competing tax overhaul proposals, there is time to consider what the Senate passed early on Dec. 2. The bill, which trims the corporate tax rate, along with a number of other tax cuts, is supposed to put more money into individual pockets and corporate coffers, which will then lead to stronger job growth and increased wages across the board. Do you believe this will happen? Or is the only sure thing about the bill is the expectation that it will add more than $1 trillion to federal debt, and thus slow down private investment by pushing out private access to the capital markets.
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