The single costliest part of Republicans’ 2017 tax overhaul — cutting the corporate tax rate to 21%, from 35% — has resurfaced on the campaign trail ahead of complex negotiations in 2025 to extend the law’s sweeping tax provisions.
While the lower rate is permanent, lawmakers could revisit it as they look to offset the costs of broader tax changes next year.
Download the BGOV OnPoint: Harris, Trump Pitch Dueling Corporate Tax Rates
On the campaign trail, former President Donald Trump said he’d reduce the rate even further to 15% for some companies. Republicans have long argued corporate tax cuts ...