Trump reportedly promised the CEOs he’d cut corporate taxes even

Avalon - Trump reportedly promised the CEOs he’d cut corporate taxes even further and curtail business regulations if elected president. Trump’s 2017 tax cuts reduced the rate of corporate income taxes from 35 percent to 21 percent. That has cost the nation $1.3 trillion. Those tax cuts, along with the tax cuts put in place by George W. Bush, are the primary reason the national debt is rising as a percentage of the economy. What have corporations done with the money they’ve saved? They haven’t invested it or used it to raise wages. Nothing has trickled down to average workers.