Former President Trump on Tuesday is vowing to 'launch a historic buildup of American manufacturing muscle and might' through an economic and tax deal he says he will be offering to 'every major company and manufacturer on Earth.' Trump, speaking during a campaign event in Savannah, Georgia, said his plan for the U.S.
Lowering the corporate tax rate to 15% for all businesses would lower tax revenue by $460 billion per a dynamic analysis by the Tax Foundation, to $673 billion, according to the Tax Foundation's static analysis. The Penn Wharton Budget Model estimates that tax revenue would be $595 billion lower over a decade under the policy.
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