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Corporate Tax Reform Works – WSJ

Democrats are still trying to raise $1.6 trillion in new taxes this year, and even Joe Manchin says he would support a corporate tax hike. The West Virginia senator might reconsider when looking at the actual revenue results of the 2017 tax reform that lowered corporate tax rates. The reform was a winner for the economy and the federal tax coffers.

Remember the claims during the 2017 tax debate that the reform would drain the Treasury, specifically cutting the corporate tax rate from 35% to 21%? Corporate earnings should fall to historic lows relative to the economy. Big business supposedly got a windfall and the government was robbed.

https://www.wsj.com/articles/corporate-tax-reform-worked-revenue-treasury-congressional-budget-office-11650401836 Corporate Tax Reform Works – WSJ

Ethan Gach

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