Is A Corporate Tax Cut Really What The Economy Needs Right Now?
Supporters of the tax cut say it will lead to more hiring and faster growth. But the evidence isn't so clear-cut.
Republicans in Congress say cutting corporate taxes would improve the balance sheet for U.S. businesses, giving them more money to spend on jobs and investment.
But how does anyone know that's what will happen?
It's the question at the heart of the debate taking place on Capitol Hill right now about whether to lower corporate taxes, and by how much.
U.S. corporations pay an effective tax rate of 35 percent, although most manage to lower that through various loopholes, exemptions and tax credits. The GOP plan would reduce the effective rate to 20
