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Companies will use tax cut to innovate, says former Home Depot and Chrysler CEO


One of Corporate America's biggest proponents of the Republican tax cut says companies will spend their savings on themselves.
"In today's world you either innovate or evaporate," Bob Nardelli, founder and CEO of the investment and advisory company XLR-8, said Wednesday on CNNMoney's "Markets Now."
Nardelli, the former CEO of Chrysler and Home Depot and a former executive at GE, said he expects companies to "sign ...

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