[ericmason]

Trump cut taxes on corporate profits. That only helps when there are actually profits, so it would not do much right now.

[sleepychu]

Right but to cut tax you either need to be in a budget surplus, reduce your budget size or enter a budget deficit.

If you do that in January then you can't use the same money again in February when things are bad.

[RockIslandLine]

Currency issuers are not revenue constrained. For a nation with a fiat currency, the ability to spend is distinct from the need to tax.

[deeth_starr_v]

The point you're missing is that the tax cuts were unfunded and paid for by huge deficits. So that huge overhang will limit how much deficit spending politicians might undertake to offset any downturn. And they may need to raise corp taxes now and create even more drag.

[apazzolini]

Right - it helped out a year ago when those companies used their profits to buy back stocks, giving executives piles of money, while leaving the companies broke and in need of a bailout.