Back to Ways and Means Committee passes 15% corporate rate in reconciliation
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What was the corporate tax rate before the 2017 Tax Cuts and Jobs Act?
Explanation
The TCJA permanently lowered the corporate income tax rate from 35% to 21%. Trump now wants to cut it further to 15% for manufacturers, which would represent a 20-point drop from the pre-2017 rate. ta...
Related Questions
Name the Treasury Secretary who proposed the 15% manufacturing tax rate.
Easyshort answerWhat 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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