Home > GOP Tax Bill Has Saved U.S. Corporations Over $13 Billion In 2018

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GOP Tax Bill Has Saved U.S. Corporations Over $13 Billion In 2018

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Over 180 S&P 500 companies have saved $13 billion in 2018 thanks to the GOP’s tax cuts. The US financial sector saw the biggest decrease in tax bills, with $4.6 billion. According to Bloomberg, the five major U.S. banks raked in $2.5 billion in tax savings. The Republicans’ law cut the corporate rate to 21% from the previous 35% federal rate.

Added on the 30/04/2018 12:28:37 - Copyright : Wochit

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