They will not hire more or pay more, they will just retain for rhe next recession or buy back stock.
Like they did under QE with artificially low/zero interest that resulted in an infusion of cheap or free money?
Stocks went up and unemployment went down.
The funny part is, you credit Obama with it but it was the Fed BANKS that done it. The Fed had to do it because Obama's government would not do it by allowing the corps to keep more of their own money.
Trump and the R's are doing essentially same, though through a different mechanism. Letting corps keep more of their own money rather than giving them access to cheap/free money through the banks(forcing them to borrow).
The second mechanism, Trump's, is the better mechanism. Why? Because when the Fed Reserve has to artificially set prices low for corps to borrow from, they can only go to zero and then they are out of ammo for the next downturn. Letting corps keep their own cash means the Federal Reserve can keep their lending tools(QE) for a rainy day.
Of course, this is all due to the original and core problem, government spending. The government overspends and somebody has to pay. Under Obama, it was decided by inaction, that the corps would take on more debt to keep the government from taking on more debt. But the debt is the same. With higher taxes, the corps have to borrow more.
Under Trump. the debt will(more so) be placed on the government. As it should be as it is the government that is spending the money.
QE and tax relief essentially do the same thing. Infuse cash. The only real difference is who's name the debt goes under. The corps that did not overspend or the government that did.
The true discussion to solve government debt is not about who pays it. The true discussion is about government over spending but nobody is having that discussion. It's not even on the fucking table. The only thing on the table is who's name is on the debt. The government is spending the money, so the debt should rightly go in the government's name. NOT corps. High tax and QE puts the debt in the corps name. Low tax and no QE puts the debt in the name of the spender, Uncle Sam.
And by the way, it doesn't matter who's name the debt is under, government or Corps. The people pay regardless through higher tax or increased price of goods and services. Corps pass the higher costs to consumers. It does not save the average person a dime to put the government debt in the name of the corps. All it does is give the government cover for it's fucking spending problem as dumb fucks bitch about the price of stuff while at the same time saying corps should pay more tax.
Even if the tax reform were not a better mechanism than QE, and it is, and it was simply an equal mechanism to QE I would prefer the tax reform. While it is doubtful that libtards and fake conservatives will ever admit that overspending is the real issue it's still easier to see the debt as a problem when the name the debt is in is the government's name rather than the corps name. Then we can have an honest discussion about spending and taxes with a true correlation.