Official Newspaper of Eddy County since 1883

Tax cuts bring money back to America

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...