Donald Trump wants to cut taxes if he gets a second term. On Thursday, the former president told a group of influential business leaders—Apple's Tim Cook and JPMorgan Chase's Jamie Dimon among them—that he supports reducing the corporate income tax from 21 percent to 20 percent. He prefers a "round number," according to The New York Times.
While that may not seem like a massive difference, it is quite a contrast with President Joe Biden's tax policy. The 2017 tax reform bill that Trump signed permanently cut the corporate income tax rate from 35 percent to 21 percent.* Biden has proposed a corporate tax rate of 28 percent.
