Market Watch
Tomi Kilgore and Jacob Passy
Dec. 27, 2017
President Donald Trump can make corporate America great, or at least more competitive, after he signed the tax bill into law Friday, according to a MarketWatch survey of the large multinational members of Dow Jones Industrial Average.
Almost all the companies that responded applauded the legislation, mostly in the broadest sense and largely in corporate-speak without specifics, saying the lowered corporate tax rate would “allow†or “enhance†the ability of U.S.-headquartered companies to compete more fairly with overseas-based companies. The new tax law lowers the maximum corporate tax rate to 21% from 35%.
Although a few companies said the new tax code will make it easier to reinvest in their U.S. businesses, so far only one Dow member has officially laid out a plan of action for some of the tax savings.
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https://www.marketwatch.com/story/heres-what-the-companies-that-make-up-the-dow-industrials-think-about-the-tax-bill-2017-12-21
