It has a major impact.
If we look at economic history and what has happened since 2000, the answer is more complicated and will depend on certain facts. The effects of any given situation sometimes take some time before they are felt. Businesses have to have time to adjust and move their investments around. If you look at what has been done since we started reducing the corporate tax rate, you have to take into account the fact that it can take some time before investments are actually made.