As and when the companies are able to reduce capital expenses in the year of their occurrence, their tax bills for the year would be lowered significantly due to higher deductions. This will in fact leave more cash in the hands of these companies to fund their capital expenditures, acquisitions, share repurchases among others. Notably, FedEx Corp. ( FDX - Free Report ) has already indicated that it will increase spending on its various logistics and delivery businesses with the windfall payout the tax cut will grant.