Trump's $1.5-trn US tax cut has had no key impact on hiring plans: Survey

The lower tax rates, however, had an impact in the goods-producing sector, with 50% of respondents from that sector reporting increased investments at their companies

The Trump administration's $1.5 trillion cut tax package appeared to have no major impact on businesses' capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the US tax code in more than 30 years.

The National Association of Business Economics' (NABE) quarterly business conditions poll published on Monday found that while some companies reported accelerating investments because of lower corporate taxes, 84 per cent of respondents said they had not changed plans. That compares to 81 per cent in the previous survey published in October.

The White House had predicted that the