Corporations paid $91 billion less in taxes in 2018 under Trump's tax law

Trump’s tax cut for corporations and the wealthy didn’t just reduce the
top corporate tax rate from 35% to 21%. It also retained a boatload of
corporate tax credits and loopholes, making the actual tax rate just 7
percent – the lowest in 71 years.

Publisher: Yahoo Finance | Author: Kristin Myers

TAGS
campaign promises, corporations, tax policy, and trump agenda
DATE PUBLISHED
2019-05-30 (Modified: 2019-05-30)

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https://finance.yahoo.com/news/corporations-paid-91-billion-less-in-taxes-in-2018-under-trumps-tax-law-160745447.html

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