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Where Are the Tax Cut Savings Going? Many Companies Won't Say

from The Tennessean

The Tax Cuts and Jobs Act was celebrated by Republicans as a measure that would usher in new economic growth, business expansions, more jobs and wage increases long held back by the high tax rates levied on U.S. businesses. The corporate tax rate dropped to about 21 percent from 35 percent, a significant decrease that saved many Tennessee companies millions — or hundreds of millions of dollars. more


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