Hidden Benefit to U.S. Corporate Tax Cuts: Lower Utility Bills
- Regulated utilities may pass tax liabilities on to ratepayers
- Consumers may get share of estimated 15% cut to utility tax
Photographer: Daniel Acker/Bloomberg
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There’s one place where every American may benefit from lower corporate income-tax rates: utility bills.
Utilities’ tax burden will be cut by about 15 percent, with customers potentially getting a cut through lower bills and reduced rate increases in the future, estimates Jay Rhame, a portfolio manager at Reaves Asset Management.