Corporate Tax Reform Worked – WSJ

Remember the claims during the 2017 tax debate that reform would drain the Treasury, especially the cut in the corporate income tax rate to 21% from 35%? Corporate revenue was supposed to fall to historic lows as a share of the economy. Big business supposedly got a windfall and government was robbed.

It hasn t turned out that way. Corporate tax revenue declined in the immediate wake of reform as the rates fell. But the big news now is that more corporate tax revenue is flowing into the Treasury at record levels even with the lower rate.

via www.wsj.com

Weird how that works.