Is this a good point?
When evaluating the IRR of a new project, the corporate tax rate falling from 35% to 20% really only helps by 1.5-2.5% points. Therefore, it won’t change inv decisions that much

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I feel like it makes more sense to make the 100% immediate depreciation permanent, since that changes the IRR on new projects by a similar amount, but it’s not a giveaway on profits that would have happened either way

How can anyone really say without more context than you can give via fishbowl. Maybe make sure that some of the other corporate tax changes (eg accelerated depreciation, treatment of foreign income) aren’t relevant to the project. But yeah I’d guess the lower corporate tax rate wouldn’t move irr by much more than you suggest.

It’s about time the corporate tax rate was reduced. The impact extends beyond simply the IRR of new projects.
Personally, I’m overall pleased with the plan. My only criticism is the elimination of private activity bonds. It is an effective financing tool for public private partnerships and spurs infrastructure growth. Unless, this administration is planning to put forth next year a separate infrastructure bill/plan...

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