Tag: corporate taxes

Evaluating the Harris and Trump Corporate Tax Proposals

Oct 3, 2024

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by

Ben Gregson

in Corporate Income Tax, Publications, Reports

Vice President Kamala Harris proposes raising the corporate tax rate to 28% from its current 21%, while former President Donald Trump proposes lowering it to 15%. The IMPA model projects that the Harris proposal will modestly increase GDP and government revenue. In contrast, it projects that the Trump proposal will slightly contract GDP and government…