The Corporate Tax Rates Are Too Damn Low

Do you listen to The Daily?  It’s usually good, often great.  I thought this one — about what effect the Trump tax cut actually had, and on whom and what — was pretty great.  (If infuriating.)

Or if you’re not a listener, you could read the transcript.

(Bottom line: it was largely Fred Smith’s idea — the kid who famously founded FedEx — and it failed in most ways, though not for FedEx, which went from a 33% tax bracket to paying no tax, so it worked out well for Fred.)

Have a nice day.