Back to Ways and Means Committee passes 15% corporate rate in reconciliation
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Name the Treasury Secretary who proposed the 15% manufacturing tax rate.
Provide a brief explanation in your own words.
Explanation
Treasury Secretary Scott Bessent wants corporate tax rate cut from 21% to 15% for manufacturers. Proposal surprised senators who assumed rates would stay at 21%. Policy positions evolve during negotia...
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What was the corporate tax rate before the 2017 Tax Cuts and Jobs Act?
Easymultiple choiceWhat is the current federal corporate tax rate established by TCJA?
Easyshort answerThe 2017 Tax Cuts and Jobs Act individual provisions expire at the end of 2025.
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