GOP giving bigger tax cuts to foreign investors than to ordinary Americans

Tax Policy Center -The Trump Administration and congressional Republican leaders (the Big Six) have proposed a $70 billion-a-year tax cut for foreign investors.  It stems from the cut in statutory corporate income tax rate from 35 percent to 20 percent (and repeal of the corporate AMT), which would reduce corporate taxes by an average of $200 billion a year, or $2 trillion over 10 years.  While economists debate who gains from corporate tax cuts over the long run, they generally agree that owners of U.S. corporate stock would reap the short-term benefits. . . .In the short run, foreigners would reap about 35 percent of the benefits of the cut in corporate taxes, which translates to around $70 billion a year