WSJ: Few CEOs Plan Investment Increases Over GOP Tax Reform Plan

Few CEOs seemed supportive Tuesday of the Republican tax reform plan.

CEOs were asked Tuesday, during a meeting at the Wall Street Journal's CEO Council, if they planned to increase their companies' capital investments if the GOP tax reform bill passes. Only a few CEOs responded that they would.

"Why aren't the other hands up?" asked Gary Cohn, National Economics Council director.

The Journal's Natalie Andrews posted video of that moment from the interview.

VIDEO: CEOs asked if they plan to increase their company's capital investments if the GOP's tax bill passes.
A few hands go up.
"Why aren't the other hands up?" Gary Cohn asks.#WSJCEOCouncil pic.twitter.com/TD2oAlN27S

— Natalie Andrews (@nataliewsj) November 14, 2017

Alan Greenspan, the former Federal Reserve chiarman, said Thursday that now is not the time for tax cuts. "Economically, it's a mistake to deal with sharp reductions in taxes now," Greenspan said in a Fox Business interview.

• Eric Cantor: ‘Greater Than 50 Percent Chance That Tax Reform Will Happen'
• Kevin Brady Defends GOP Tax Reform for Middle-Class Cuts