Trump's tax plans

[stpioc]

Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions. Bills before both the U.S. Senate and the House of Representatives would cut the corporate rate from the current 35 percent to 20 percent. President Donald Trump and other supporters of the tax cut bills say reducing corporate and other taxes would boost the U.S. economy by freeing up capital that would be invested in job-creating industries. But Cuban said the tax rate had zero impact on decisions whether to invest in small businesses, as he does through the reality show “Shark Tank,” and almost no effect on decisions for his own lineup of tech and entertainment companies. “Competition drives what I do in my businesses a whole lot more than tax rates,” Cuban told a Reuters Newsmaker forum entitled “The Trump Budget Debate” and moderated by Reuters Editor-at-Large Harry Evans.

Mark Cuban says tax rates have almost no impact on investment

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