Tag: corporate taxes

Increasing Excess Returns in U.S. Corporations: New Estimates and Policy Implications

Apr 9, 2026

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by

Mary Eschelbach Hansen

in Corporate Income Tax, Publications, Reports

Excess returns are returns from productive investments that exceed “normal returns,” which are the minimum returns required by firms to undertake the investments. The amount of excess returns matters for both equity and efficiency: high and persistent excess returns concentrate income and wealth, weaken competitive pressures, and reduce investment and innovation that drive long-run economic…
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…