Tax Foundation Report Examines Benefits of Lower Corporate Tax Rate

Tax Foundation Report Examines Benefits of Lower Corporate Tax Rate

Tax Foundation

The lower corporate tax rate established under the Tax Cuts and Jobs Act attracts investment to the U.S. and discourages profit shifting overseas, and lawmakers should be hesitant to consider raising the corporate rate as a revenue source because that would undo some of the pro-growth effects of the tax law, Erica York of the Tax Foundation said in an August 14 report.

The lower corporate tax rate established under the Tax Cuts and Jobs Act attracts investment to the U.S. and discourages profit shifting overseas, and lawmakers should be hesitant to consider raising the corporate rate as a revenue source because that would undo some of the pro-growth effects of the tax law, Erica York of the Tax Foundation said in an August 14 report.

The lower corporate tax rate established under the <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a> attracts investment to the U.S. and discourages profit shifting overseas, and lawmakers should be hesitant to consider raising the corporate rate as a revenue source because that would undo some of the pro-growth effects of the tax law, Erica York of the Tax Foundation said in an August 14 report.

The lower corporate tax rate established under the Tax Cuts and Jobs Act attracts investment to the U.S. and discourages profit shifting overseas, and lawmakers should be hesitant to consider raising the corporate rate as a revenue source because that would undo some of the pro-growth effects of the tax law, Erica York of the Tax Foundation said in an August 14 report.