President Trump called for cutting the corporate income tax below the current 21% rate at a Business Roundtable event Thursday, according to multiple news reports.<\/p>\n
Grover Norquist, President of Americans for Tax Reform, issued the following statement applauding President Trump\u2019s call to further lower the corporate rate:<\/p>\n
\n\u201cTrump knows workers, retirees, and households pay the corporate tax. By reducing the tax rate, he reduces the tax burden on the middle class and creates jobs and growth.\u201d\n<\/p><\/blockquote>\n
CNBC reported that Trump told CEOs in the room that if he is returned to the White House he will cut taxes, including bringing the corporate rate down further beyond the current 21% rate.<\/p>\n
Jason Miller, a Trump Campaign Spokesman, told the Hill that Trump announced his intention to make all of the Trump tax cuts permanent and bring the corporate tax rate down below 21%.<\/p>\n
Cutting the corporate rate further would build upon the success of the 2017 Trump tax cuts by increasing wages for workers, creating jobs and growing the economy.<\/p>\n
A 2023 Tax Foundation study found that cutting the corporate rate down to 15% \u201cwould increase after-tax incomes across all income levels,\u201d and \u201cincrease long-run GDP by 0.5 percent, raise wages by 0.4 percent, and create about 91,000 full-time equivalent jobs.\u201d<\/p>\n
Americans for Tax Reform recently detailed how workers, retirees and households pay the corporate tax.<\/p>\n
Trump\u2019s call to cut taxes on American businesses stands in stark contrast to President Biden\u2019s tax agenda, with Biden\u00a0calling for the full expiration of the Trump tax cuts\u00a0and his plan to raise the current 21% corporate income tax rate to 28%,\u00a0higher than communist China\u2019s 25%.<\/p>\n
Americans for Tax Reform applauds Trump\u2019s call to cut the corporate income tax rate.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"President Trump called for cutting the corporate income tax below the current 21% rate at a Business Roundtable event Thursday, according to multiple news reports. Grover Norquist, President of Americans for Tax Reform, issued the following statement applauding President Trump\u2019s call to further lower the corporate rate: \u201cTrump knows workers, retirees, and households pay the … Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":14766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1521,5800,492,186,11354,1221,486,3681,4299,4498,4919,26,6117,11943,696,3767,9046,2294,3398,4740,1823,28,4179,3331,4843,3360,1827,1065,6917,3358,4556,3912,1183,841,7254,8514,4870,457,165,9204],"class_list":["post-14765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-1521","tag-americans","tag-biden","tag-business","tag-businesses","tag-campaign","tag-china","tag-corporate-income-tax","tag-corporate-income-tax-rate","tag-corporate-tax","tag-corporate-tax-rate","tag-economy","tag-event","tag-expiration","tag-gdp","tag-growth","tag-house","tag-income","tag-income-tax","tag-income-tax-rate","tag-increase","tag-jobs","tag-middle-class","tag-news","tag-president","tag-president-biden","tag-statement","tag-tax","tag-tax-burden","tag-tax-cuts","tag-tax-rate","tag-tax-reform","tag-taxes","tag-trump","tag-trump-campaign","tag-trump-tax-cuts","tag-wages","tag-white","tag-white-house","tag-workers"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nATR's Norquist Applauds Trump's Call to Cut Corporate Tax Rate - 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