Lower Corporate Taxes

Oh sweet freedom
Carry me along
We'll keep the spirit alive
On and on
--Michael McDonald

Many are waiting for record high profit margins of US corporations to revert back toward the mean. They might, but to the extent that lower corporate tax rates stay in place, the mean may be higher than before.

Global effective tax rates by S&P 500 sector (pre- and post-tax cut) pic.twitter.com/Y2qQb7vksz

— Liz Ann Sonders (@LizAnnSonders) January 7, 2020

This has been a big contribution of the Trump administration. Lower taxes (to any entity) increases freedom. Capital is freed for other endeavors that in the long run benefit standard of living.