Site Search
Google Search
search button
Breaking News: James Comey Disputes Trump's Belief of 'Spygate'      - | -     Harvey Weinstein Surrenders, Charged with Rape in Manhattan     - | -     Stormy Daniels Wants to Reboot Lawsuit and Depose Trump and Giuliani     - | -     Emails Show that Roger Stone Tried to Get Information on Clinton from WikiLeaks' Assange      - | -     GOP Congressman Invokes 'The Deep State'
Despite Trump Tax Breaks, Businesses Say 'If It Ain't Broke, Don't Fix It'
Get Business & Technology Alerts

viewsViews 174
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.

Post Your Comment
Excellent Very Good Good Fair Poor



Recently Posted Comments
FREE
AllMediaNY AllMediaNY AllMedaiNY