When President Trump convinced the U$.$S$.$ Congress to pass his $2017$ Tax Cut law. One of the things it did was to cut small business and corporate profit tax rates from $35$ percent $($which was the highest tax rate in the world$)$ down to $21$ percent. $($Everything said up to this point is true$).$ Conclusion: This new tax cut on business profits only reduced implicit costs.

Group startsTrue or False