On the very day President Donald Trump's incentive-based tax and regulatory policies are put in place, Barack Obama's war on business will have officially come to an end. No longer will American companies be punished by uncompetitive rates of taxation and unnecessary rules and regulations.
Business tax rates are coming down from roughly 40 percent to 15 or 20 percent, which is not only a boon for business, but a godsend for the middle class. Slashing business tax rates for both large and small businesses will generate significant new investment, jobs, and growth, all of which will lead to higher wages.
And when people and businesses get to keep more of what they earn, more of what they invest, and more of what they risk, they are incentivized to keep doing more of these activities.
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