Senate tax bill delays corporate rate cut to 2019, but makes 100 percent expensing immediate
Just as good? If you really want to drain the swamp, start by reforming the United States Senate
By Dan Calabrese —— Bio and Archives--November 10, 2017
American Politics, News | Comments | Back To Full Article
If the ups and mostly downs of the financial markets yesterday are any indication, the business community doesn't like the idea that the cut in the corporate tax rate from 35 percent to 20 percent might be delayed until 2019. That's in the Senate bill that was released late last night, and it was done to make the static budget analysis look better and help the bill qualify for reconciliation under the Senate's insane fiscal policy rules.
But the Senate did some other things on corporate taxes that are actually better than the House version:
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