Tax Cuts Paying Consumers Even More.

[TxMusky]

Well it seems that the tax cuts on business has caused 120 utility companies to give their customers lower rates on the energy they sell. With the mantra of the left saying that the Trump tax cuts only benefited the wealthy corporations, it seems that the corporations are sharing the wealth by lowering their prices due to reduced taxes they have to pay to our lazy do nothing govt, which in turns benefits ALL of us again. Maybe the people will learn basic math skills and start to realize that when businesses get taxed at a higher rate, the customer pays for those taxes by increased prices. WHy was that so hard to understand to begin with?

Thanks to the tax cuts passed by the Republican House and Senate and signed by President Donald Trump, at least 120 utilities across the country are lowering rates for customers, according to a report from Americans for Tax Reform. This means lower electric bills, lower gas bills, and lower water bills for Americans.



The Tax Cuts and Jobs Act cut the corporate rate from 35% to 21%. Utility companies are passing on the tax savings in the form of lower rates for customers.
https://www.atr.org/thanks-tax-refor...lowering-rates

[FredK]

I'm sure Bo will enjoy the savings.

The utility requested a $119 million bill reduction for customers due to tax reform:

APS has requested the Arizona Corporation Commission approve a $119 million bill reduction for customers, based on federal corporate tax cuts, effective February 1, 2018.

If approved, the $119 million decrease will offset the $95 million revenue increase that resulted from APS’s last rate review. The savings of $0.004258/kWh will be passed directly to customers through the Tax Expense Adjustor Mechanism (TEAM), a new adjustor mechanism that was included in the company’s rate review, and customer savings will vary with actual energy usage. APS customers would receive the credit on their monthly bill. –

[Phillbo]

I hope it goes through..

[wacojoe]

The rate request was to be effective last February, if the quote was correct.