Corporate Tax Cuts Benefit All Americans, Says JP Morgan Economist

The average business will see its tax burden drop by more than half in 2018

Chairman of House Ways and Means Committee Rep. Kevin Brady (R-TX) (C) speaks as Speaker of the House Rep. Paul Ryan (R-WI) (R), and Rep. Vern Buchanan (R-FL) (L) listen during a news conference on the tax reform legislation on Capitol Hill in Washington, D.C., on Nov. 2, 2017. Alex Wong/Getty Images

Tax reform is boosting company savings, which in return benefits “workers, productivity, and the economy overall,” according to JPMorgan Chase.

Since the Tax Cuts and Jobs Act was signed into law in December, the average U.S. business “has seen its tax burden cut significantly—with total windfalls expected to exceed $100 billion this year,” writes Jim Glassman, JPMorgan Chase commercial banking head economist.