Official Newspaper of Eddy County since 1883
Official Newspaper of Eddy County since 1883
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For years, America's high corporate tax rate forced companies to stash their money in overseas accounts. How times have changed. The Bureau of Economic Analysis recently reported that $305.6 billion has returned to the U.S. from overseas accounts. We can thank the Tax Cuts and Jobs Act, which slashed the corporate income tax rate from 35 percent to a much more competitive 21 percent. Based on empirical evidence, the reduced tax burden has encouraged job creators to invest in American workers...
