“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,” ATR wrote on June 7.
ATR went on to detail the rate reductions in states such as Florida, Ohio, Michigan, West Virginia, thirty-seven other states, and the District of Columbia.
A new report finds that electric, gas, and water rates have fallen across the country due to the tax cuts put in place by President Donald Trump and the GOP. Report: Electric, Gas, and Water Rates Falling Due to Trump Tax Cuts
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