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EconoMeter panel's to-do list for Trump, Congress


Friday, November 18, 2016

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Kelly Cunningham, National University System

Cut corporate income tax rate to 15 percent: This action alone resets U.S. prosperity with business profits now being “repatriated” from America. The current U.S. rate is among the highest in the world. Genuine economic stimulus would result with upwards of $2 trillion going overseas brought back into the country. Net tax revenues rise with businesses not relocating operations to foreign countries and “reshoring” existing facilities. Keeping profits and adding jobs will generate more than the current higher rate, rife with loopholes, does.