Hosted by Tomas Hult, this segment of the globalEDGE Business Beat is an interview with David Ketchen. Dr. Ketchen is the Lowder Eminent Scholar and Professor of Management in the Harbert College of Business at Auburn University, where he is also Research Director of the Lowder Center for Family Business and Entrepreneurship.
Tomas Hult is Professor and Byington Endowed Chair in the Eli Broad College of Business at Michigan State University.
Broadly, the U.S. Congress approved a new tax plan in December 2017 that reduces the corporate tax rate to 21 percent, from the current 35 percent. David shares his views regarding implications that this tax cut has for corporations and entrepreneurs.
At the same time, individuals would also see tax cuts, including a top rate of 37 percent, down from 39.6 percent. Tomas and Dave dialogue about the implications of the individual tax rates for entrepreneurs. They also discuss the stock market in the U.S. which went up some 25 percent in 2017. This is an unheard of increase in just one year. Dr. Ketchen has some astute takeaways related to this stock market increase for corporations, entrepreneurs, and consumer spending.