Source: Fox News
by Grover Norquist & Alfredo Ortiz
“Now that House Republicans have agreed on a budget resolution to finance their legislative priorities, debate begins on the specific tax cuts to include in the final ‘big, beautiful bill’. At the top of this list is fulfilling President Donald Trump’s oft-repeated call to reduce the corporate tax to 15%. This tax rate cut would make the U.S. significantly more competitive and jumpstart our economy still feeling the effects of four years of anti-growth policies. According to an analysis by the Tax Foundation, a 15% corporate tax rate would significantly boost GDP, wages and jobs. The Tax Cuts and Jobs Act, which took effect in 2018, reduced the corporate tax from 35% – one of the world’s highest – to 21%, middle of the pack. In response, U.S. corporations increased their domestic investment by an average of 20%, according to an NBER study that analyzed 12,000 corporate tax returns.” (03/04/25)