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This is the Cato Daily Podcast for Monday, December 18th, 2017.

I'm Caleb Brown.

The Republican-led tax reform plan will drop the corporate tax rate and provide lower taxes for the vast majority of taxpayers, but the

discussion about spending cuts will have to wait until at least next year.

So says Chris Edwards, Director of Tax Policy Studies at the Cato Institute.

Well, the centerpiece of the Republican tax reform is the corporate tax rate cut from 35% down to 21%.

That is a big cut. It will have a big effect on how multinational companies

invest and hire. About half of all US GDP is produced by the corporate sector. I think that'll have a big impact on the

...