Corporate Income Tax Rate

The corporate income tax rate in the United States is currently 35 percent. A House bill passed in November 2017 would lower that rate to 20 percent, if the Senate agrees.

• The Trump administration argues that dropping corporate taxes would keep more money in the U.S., increase investment, create jobs, and in the long run help the economy.^[1]

• When business taxes are reduced, 70 percent of the benefits go to the wage-earning middle class.^[2]

References[edit]

1. ↑ Forbes: Trump's Corporate Tax Slash Ignores How Little Companies Already Pay
2. ↑ Three Easy Pieces: A Simple, Get-It-Done-Now Economic Plan - by Larry Kudlow