US companies might use tax reform profits to invest in automation, experts say

If the US tax reform that Republicans have been pushing gets passed; U.S. companies will be given a huge break resulting in lots of cash to invest. Specifically the ability to make investments they have been holding out on, economic experts say that most likely they will be investing in automation. Matt Litfin, who is a portfolio manger at Columbia Acorn, says to expect corporations to invest in share buybacks and new manufacturing capabilities.
Eric Marshall, a portfolio manager at Hodges Capital, thinks that investing in technology and automation will be the vast majority first move for  corporations. They will look to maximize production with their existing employees, this could cause them to hire new workers. By maximizing each employee's production possibilities, it will make them more valuable. Hodges believes that this will cause future jobs to require higher education and skills, and we will loose a lot of the lower skilled positions. For our nation's economy as a whole, automation could cause a boost in growth due to the fact that many companies would end up bring production back to the US, because of the tax reform. Bringing production back to the US will cause more job creation. This is President Trump's main objectives for this tax reform.
This tax reform is scheduled to be approved and completed by the start of 2018. This reform could cause huge growth for the US economy. It will make room for higher skilled jobs. It will allow corporations to move production back to the US, thus creating more jobs at home. It will decrease the amount of factories in Asia. The tax reform will allow corporations to invest more which will better their companies. I think it's a great idea, because of all stated above and it will then lead to greater salaries for the people with higher education, giving the consumer more to spend in the economy.

http://www.foxbusiness.com/markets/2017/10/09/us-companies-might-use-tax-reform-profits-to-invest-in-automation-experts-say.html