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TCJA Spurs Capital Investment, but More Abroad Than at Home

July 30, 2019

The Tax Cuts and Jobs Act (TCJA) sharply reduced the U.S. corporate tax rate, sped depreciation deductions, and greatly lowered the cost of repatriating vast undistributed earnings of foreign subsidiaries. President Donald Trump, envisioning increased capital investment and a resultant boosts in jobs for Americans, said the law would provide “rocket fuel” for the U.S. economy. Has the legislation actually proved a spur to capital investment? Read more at CFO.com.