Breitbart–

A study from the University of Wisconsin-Madison released this week revealed that President Donald Trump’s Tax Cuts and Jobs Act led to an increase in defined-benefit pension plans in 2017.

President Trump signed the Tax Cuts and Jobs Act in December, which lowered the corporate tax rate from 35 to 21 percent, starting in 2018. The researchers found that the rate reduction incentivized companies to increase their contributions in 2017 so that they can take advantage of the deductions at the higher tax rate in 2017.

Dan Lynch, one of the authors of the paper, said, “Firms contributed more to their pensions in 2017 because they could get a tax deduction at 35 percent.”

Read More