IPD AI Insights

Corporations Help Economy but Need to Pay Fair Share of Taxes

Several provisions of former President Donald Trump’s tax law will expire next year. While its corporate tax rate cut is permanent—that is, it would take an act of Congress to repeal it—policymakers are gearing up for another battle over corporate taxes. A diverse range of Democratic groups are pushing for higher corporate taxes, while Republicans prioritize defending the 2017 permanent rollback and are eyeing further tax cuts.
Bloomberg Tax Image
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