Back to Ways and Means Committee passes 15% corporate rate in reconciliation
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What is the current federal corporate tax rate established by TCJA?
Provide a brief explanation in your own words.
Explanation
The law created a single flat corporate tax rate of 21%, down from the previous 35% rate. Trump now wants to lower this to 15% for U.S. manufacturers, which would represent another significant reducti...
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 answerThe 2017 Tax Cuts and Jobs Act individual provisions expire at the end of 2025.
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