US Politics in Trump era Public date: 14.11.2019 12:15:01

16 Jul 2019

The Numbers Are In, and Trump’s Tax Cuts Are a Bust

This tax bill was constructed on a foundation of lies. To cite one obvious example, the real U.S. corporate tax rate has never been near the oft-cited 35 percent level. As recently as 2014, the Congressional Research Service estimated that the effective rate (the net rate paid after deductions and credits) was around 27.1 percent, which was well in line with America’s international competitors.
This tax bill was constructed on a foundation of lies. To cite one obvious example, the real U.S. corporate tax rate has...

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