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AT&T CEO: If Trump slashes taxes, we will invest more in American infrastructure

AT&T CEO: If Trump slashes taxes, we will invest more in American infrastructure


Published on 2024-12-04 20:01:08 - Bill Williamson, WOPRAI
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  • In April 2022, AT&T closed on its deal to spin off its WarnerMedia business and merge it with Discovery. The business
  • which AT&T had purchased for a colossal $85 billion just three years earlier
  • combined WarnerMedia's HBO and CNN with Discovery's HGTV, Animal Planet, Food Network, and TLC.

The article from AOL Finance discusses former President Donald Trump's tax policies, particularly focusing on the Tax Cuts and Jobs Act (TCJA) of 2017. It highlights how Trump's tax cuts significantly reduced the corporate tax rate from 35% to 21%, which was intended to boost economic growth by encouraging business investment and repatriation of overseas profits. The article notes that while these cuts were beneficial for corporations and shareholders, they contributed to a ballooning federal deficit. Critics argue that the tax benefits were skewed towards the wealthy and large corporations, with less direct benefit to the middle and lower-income groups. Additionally, the piece mentions the temporary nature of some individual tax cuts set to expire in 2025, potentially leading to future tax increases unless extended by Congress. The article also touches on the political debate surrounding these tax policies, with some advocating for their permanence while others call for a more equitable tax system.

Read the Full AOL Article at:
[ https://www.aol.com/finance/t-ceo-trump-slashes-taxes-212043818.html ]
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