A Broken Promise on Taxes

<p>As they lobbied the Trump administration for a $1.5 trillion tax cut, corporations vowed to invest the savings back into the U.S. economy. Today, we investigate whether they made good on that promise.</p><p>Guest: <a href="https://www.nytimes.com/by/jim-tankersley" target="_blank">Jim Tankersley</a>, who covers economic and tax policy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily. </p><p>Background reading:</p><ul><li>FedEx’s leadership lobbied unsuccessfully for tax reform for years. Then it<a href="https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html?rref=collection%2Fbyline%2Fjim-tankersley&action=click&contentCollection=undefined&region=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collectionnytimes.com/thedaily" target="_blank"> wrote its own tax proposal</a> for President Trump — cutting the company’s corporate tax rate to zero.</li><li>How the Trump administration’s tax cuts<a href="https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.htmlnytimes.com/thedaily" target="_blank"> may have affected you</a>, and why you might not believe it. </li></ul>