The corporate tax rate is once again in the spotlight as part of the sprawling tax debate that will unfold over the coming months. And now with Vice President Kamala Harris having secured the Democratic presidential nomination, the landscape has shifted.
Harris has unveiled her progressive economic agenda, sharply criticizing the Tax Cuts and Jobs Act (TCJA) and promising to raise the corporate tax rate to 28%. To further muddy the waters, some populist-minded Republicans are also looking to increase former President Donald Trump’s signature 21% corporate rate as a potential revenue source.
