President Trump said Thursday that, if reelected, he would lower the corporate tax rate further — from 21% to 20%.
Trump said on Fox Business that he wanted to lower the corporate tax rate by 1 percentage point because 20% is an “even number.”
The president’s 2017 Tax Cuts and Jobs Act cut the U.S. corporate tax rate from 35% to 21%.
In negotiations over the bill, Trump had sought a 15% tax rate, the rate included in his campaign proposals. Initial versions of the tax bill in the House and the Senate set a 20% rate, but subsequent