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.
But in recent weeks, some Democratic candidates across the ideological spectrum have suggested that the rate should once again be 35 percent.
View the complete October 27 article by Naomi Jagoda on The Hill website here.