The tobacco plant, Nicotiana tabacum. Public-domain photograph.
The 2017 tax law cut the corporate tax rate from 35 percent to 21 percent.
If money is tight, a corporate cut reaches you only if a boss shares it in pay, prices, or hours.
If you are in the middle, the household cuts were real and were written with an expiration date.
If you have savings, the corporate rate is the permanent piece, and it is why equity values jumped.
The Tax Cuts and Jobs Act of 2017 lowered the corporate income tax from 35 percent to 21 percent and cut individual rates.
The corporate cut was written as permanent.
Most of the household provisions were written to expire.
Source: Tax Cuts and Jobs Act of 2017.