The 15% corporate tax rate can be easily “paid for” with the higher tariff revenues collected from the 10% tariff rate that now applies to all nations and the higher duties on nations that won’t negotiate.
Since other nations impose value-added import taxes and tariffs of up to 25% on products with the “Made in America” label, the 15% corporate tax here at home makes perfect sense as a counterpunch.
By contrast, the Trump 15% corporate tax rate would give American companies and workers a major leg up in international markets.
Studies by economists at the American Enterprise Institute find that this “fair advantage” tax policy would lead to higher wages for American workers and higher share prices for American shareholders and retirees.
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