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Despite Trump Tax Breaks, Businesses Say 'If It Ain't Broke, Don't Fix It'
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19 May 2017 02:01 AM EST

Even if the corporate tax breaks floated recently by the Trump administration come through, businesses are leery of spending profits on new equipment.According to Reuters, many U.S. companies emerged from the last recession extremely wary of spending-- unless it was sure the returns would justify it.Economist Susan Helper says, "Nobody builds a new factory unless they need the capacity”-- and tax breaks won’t change that.Companies don't lack resources. Rather, they lack the kind of business opportunities that justify the spending.For example, at Cleveland Works, workers still use a 1930s metal press confiscated from Germany after World War II to stamp out aluminum parts.

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