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Expert Analysis - Opinion

TCJA's Corporate Tax Reform Virtually Paid For Itself

By George Callas (January 7, 2020, 10:38 AM EST) -- Before enactment of the Tax Cuts and Jobs Act in December 2017,[1] the United States suffered from the highest corporate rate in the developed world at 35% — closer to 40% including the average state corporate tax rate. Even liberal Democrats such as President Barack Obama supported cutting the corporate tax rate to somewhere in the range of 25% to 28%.[2] The TCJA, meanwhile, reduced the corporate rate to 21%,[3] with only Republican votes....

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