Overwhelmingly what companies do with tax cuts is stock buy backs, not hiring. When all companies are treated the same, they make decisions to hire regardless o

Overwhelmingly what companies do with tax cuts is stock buy backs, not hiring. When all companies are treated the same, they make decisions to hire regardless of the tax rate. And by the way, payroll is tax deductible. The salary is way way way bigger of a cost than the tax on that salary, most of which is paid by the employee.