Trump Eyes Keeping 21% Corporate Tax, Extending Individual Cuts
- Corporate tax plans mark a shift for Republican frontrunner
- Trump aims to seize on Biden’s economic weakness with voters
Former President Donald Trump speaks during a campaign rally in Mason City, Iowa, on Friday.
Photographer: KC McGinnis/BloombergThis article is for subscribers only.
Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House, according to people familiar with the matter.
Trump’s preference to keep the 21% corporate rate marks a shift from his desire while president to lower the corporate rate to 15%, which generated opposition from both Republicans and Democrats.