There's a misconception about what companies will do from savings as a result of a lower corporate tax rate.
Politicians and I guess some economists, believe it will encourage businesses to hire. Not it won't. Companies, of any size, don't think that way. What it does, and should do, is allow corporations to reinvest in their operations thus allowing to explore new markets in an effort to increase revenues. Only then can it lead to more hiring.
With a proper progressive income tax, you don't even need any corporate tax (nor, I would argue, a sales tax).
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