TCJA Post Mortem for Businesses: Impact on Spending PlansMarch 17, 2020
Although enacted more than two years ago, the TCJA is still making an impact on businesses. Here’s a look inside our TCJA Post Mortem Update for Businesses.
Tax cuts from December 2017’s massive tax overhaul, the Tax Cuts and Jobs Act (TCJA), were intended to help pay for themselves by stimulating the U.S. economy, and, in turn, generating incremental tax revenue. How has this played out? Our TCJA Post Mortem Update for Businesses delves into the sweeping tax overhaul and how it has impacted businesses these past two years.
Here’s a look at what’s inside our Post Mortem Update:
What were businesses expected to spend their tax savings on?
- Hiring more workers
- Expanding workers’ benefits
- Buying new equipment and other fixed assets
- Paying dividends to owners
- Investing in Research and Development (R&D)
Did this end up happening?
Check out our Post Mortem Update for more information on how the TCJA has impacted spending plans over the past two years.
Questions? Contact us.