Trump's promised corporate tax cut has big business on the fence

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Donald Trump spent part of his week mingling with the CEOs of major companies as he touts his plan to extend tax cuts for businesses. Anthony Scaramucci joins Alex Witt to speak about the former president’s campaign.

The November faceoff between President Joe Biden and former President Donald Trump presents big business with a big choice to make over the coming months: support an incumbent who will bring stability but potentially reduced profits or back a loose cannon who might threaten democracy but not its bottom line. One number best sums up the reason major corporations are flirting with the idea of a second Trump term: 21%.

5% rate, a midway point between the pre-Trump era and the status quo. Some Republicans are, meanwhile, mulling over whether to cut rates all the way down to 15%, according to The Wall Street Journal, dropping them to a level not seen since the Great Depression.

 

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