The National Association of Business Economics’ (NABE) quarterly business conditions poll published in January 2019, a year after Trump's tax cuts, found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans.
Why would companies change their investment spending plans in response to profit tax cuts? Aren't those cuts sunk-gains (opposite of sunk-cost)? I get why they would if the cuts were on per-unit capital taxes, but I don't think they were.
I do get why cuts on wage taxes would increase hiring.
But my main question is, where does the money from tax cuts on corporate profit go? To investors? To finance business growth and development? Elsewhere?