Former President Donald Trump would like to push for a reduction in the federal corporate tax rate from 21 percent to 15 percent if reelected.| Tax Foundation
Oct 25, 2024| Committee for a Responsible Federal Budget
We estimate that the Trump Campaign tax and spending proposals would increase primary deficits by $5.8 trillion over the next 10 years on a conventional basis and by $4.1 trillion on a dynamic basis that includes economic feedback effects. Households across all income groups benefit on a conventiona| Penn Wharton Budget Model