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.
- When business taxes are reduced, 70 percent of the benefits go to the wage-earning middle class.