A practical case for extending Trump’s corporate tax cuts

One issue that investors will be monitoring in the run-up to the U.S. elections is whether the Tax Cut and Jobs Act of 2017 (TCJA) will be extended next year when many provisions are set to expire. While the legislation included changes in corporate and personal taxes, investors have focused mainly on the reduction in corporate tax rates, which were the largest in U.S. history. 

The act is widely considered to be the signature legislation of the Trump administration. One of the principal...