Reuters: U.S.

Sunday, October 27, 2019

News Alert: 2020 Democrats set sights on corporate tax hike

 
 
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2020 Democrats set sights on corporate tax hike
Interest is growing among 2020 Democrats in raising the corporate tax rate back to the level where it was prior to President Trump’s tax-cut law.

Trump’s 2017 tax-cut law cut the corporate tax rate from 35 percent to 21 percent. While no Democrats voted for Trump’s law, a number agreed with Republicans that the 35 percent rate was too high.
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