In early 2016, When Larry Kudlow and I suggested that then-presidential candidate Donald Trump propose a 20% business tax rate for U.S. companies, down from the highest-in-the-world rate of 35%, he enthusiastically endorsed this “America First” policy — not because he loved corporate America, but because he realized that as long as small and large companies were paying the highest tax rates, jobs and factories would continue to move offshore.

We argued the most significant beneficiaries would be American workers who would have access to more jobs and higher wages.