How a Company Actually Plans to Spend Its Tax Cut Money
“Ten percent extra profit would be good,” said Steven Regis, a senior vice president for corporate services at the company.
“Getting the money back faster definitely helps, but that’s big money, and
that big investment means we have to be able to have the cash or the financing available,” Mr. Regis said.
Do you pay employees better?”
Many CalPortland drivers are unionized, and he expects a tax cut to produce demands for the wage increases
that Republican sponsors said the tax plan would generate.
“But it’s not going to fund big projects.”
Like executives across the country, Mr. Regis has spent the last few weeks scouring the House
and Senate tax proposals for signs of hope for his industry — and new sources of pain.
“I think it’s bad news for the country to have one side make the rules,” Mr. Regis said.
Mr. Regis, who says he “leans to the right,” said he believed in the economic logic of cutting corporate taxes to 20 percent from 35 percent.
Mr. Regis said he would like to oblige, but wasn’t sure which of the company’s priorities would win out.