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Barbara Weltman

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Cut the Corporate Tax Rate

February 28, 2016 / By Barbara Weltman

The Corporate Rate Equality and Trade Empowerment Jobs Act of 2016, introduced in the House (H.R. 4518) would lower the corporate tax to one rate tied to the average corporate rate for 34 industrialized nations in the OECD (Organisation for Economic Cooperation and Development). More specifically, the rate would be set every five years at 5 percentage points lower than the OECD rate (but not lower than 10%). The OECD average is now about 22.8%. Likelihood of enactment???

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