Difference between revisions of "Corporate income tax rate"

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(When business taxes are reduced, 70 percent of the benefits go to the wage-earning middle class.)
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* 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.<ref> [https://www.forbes.com/sites/eriksherman/2017/04/24/trumps-corporate-tax-slash-ignores-how-litte-companies-already-pay/#3bc46a7a58aa Forbes: Trump's Corporate Tax Slash Ignores How Little Companies Already Pay]</ref>
 
* 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.<ref> [https://www.forbes.com/sites/eriksherman/2017/04/24/trumps-corporate-tax-slash-ignores-how-litte-companies-already-pay/#3bc46a7a58aa Forbes: Trump's Corporate Tax Slash Ignores How Little Companies Already Pay]</ref>
  
* When business taxes are reduced, 70 percent of the benefits go to the wage-earning middle class.<ref> [http://www.nationalreview.com/article/448467/three-easy-pieces-corporate-tax-cut-economic-plan-prosperity Three Easy Pieces: A Simple, Get-It-Done-Now Economic Plan - by [[Larry Kudlow]]</ref>
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* When business taxes are reduced, 70 percent of the benefits go to the wage-earning middle class.<ref> [http://www.nationalreview.com/article/448467/three-easy-pieces-corporate-tax-cut-economic-plan-prosperity Three Easy Pieces: A Simple, Get-It-Done-Now Economic Plan] - by [[Larry Kudlow]]</ref>
  
 
==References==
 
==References==

Revision as of 08:30, 17 November 2017

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

  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