Some outside experts also are skeptical that the tax changes will make much difference for companies already enjoying ­near-record corporate profits. With the corporate tax cut nearing final approval, Home Depot is far from alone in its buyback plans. With extra cash freed up by the corporate tax cuts, buybacks could top the record value of $172 billion set in the third quarter of 2007. House and Senate conferees are working to reconcile competing tax cut packages in hopes of sending Trump a final bill before Christmas. The disappointing prospects for corporate investment echo prior tax-cutting episodes.

Source: Washington Post December 07, 2017 21:11 UTC