The common assumption is that lower tax rates should increase corporate profits, share prices, investment, and consumption, and thus lift the entire economy. Unfortunately, this is not quite how it happens in the real world.
In part one of “Is the Mountain of Corporate Cash an Illusion?” I argued that the growth in corporate cash balances is not as dramatic as is often reported by… READ MORE ›
Is the mountain of corporate cash an illusion? By comparing cash balances to total assets it may appear so. But what happens if you compare cash generation to profit generation by U.S. businesses?
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