Back to Ways and Means Committee passes 15% corporate rate in reconciliation
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What corporate tax rate does the Trump administration want for U.S. manufacturers?
Explanation
Treasury Secretary Bessent wants corporate tax cut from 21% to 15% for manufacturers. Significant cut from 2017 Tax Cuts and Jobs Act rate. Critics question lost revenue replacement.
Related Questions
What was the corporate tax rate before the 2017 Tax Cuts and Jobs Act?
Easymultiple choiceName the Treasury Secretary who proposed the 15% manufacturing tax rate.
Easyshort answerWhat is the current federal corporate tax rate established by TCJA?
Easyshort answer
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