Is this the beginning of a golden age for companies? Absolutely not. In the first place, it’s questionable how long the lower tax rates can be sustained by the US economy. The upward spiral of national debt cannot continue indefinitely. The US government, like other governments, is responsible for future generations. Secondly, it’s true that low tax rates directly favor corporate investments. However, ultimately local market opportunities are the factor that determines lasting success. Favorable fiscal conditions are hardly a good basis for strategic growth plans, because they can quickly change as a result of the national budget situation and the composition of the government.