Lowering corporate taxes is a fraud.

[tenorly]

1. Plus, it rescinds one of the few major incentives left in the tax code for them to actually invest

One of they major ways in which corporations lower their effective tax rate is by making fixed investments (machinery, structures, software, etc).

Without this mechanism, they'll have almost no incentive to do anything other than buy back stock all the time and stash the rest in Luxembourg or some Caribbean laundromat.