Reported 1 day ago
Former President Trump has proposed reducing the federal corporate tax rate from 21% to 15%, sparking debate about its potential to boost the U.S. economy and stock market. Proponents argue it could stimulate job creation and corporate growth, while critics express concerns over increasing national debt and lost federal revenues. Historical examples show mixed results, as previous tax cuts led to large stock buybacks rather than reinvestment in growth. The Biden administration has countered with plans to increase the corporate tax rate, raising concerns about future corporate profitability.
Source: YAHOO