MSNBC: Team Trump wants even more corporate tax breaks in a second term

For another, corporations clearly don’t need a lower rate since so many of them aren’t even paying taxes at the current rate. Late last year, the Institute on Taxation and Economic Policy released the results of a detailed study that found of the Fortune 500 companies, about 400 paid an average tax rate of about 11% — roughly half of the current rate of 21% — thanks to a series of loopholes and giveaways Republicans made no effort to address. Read more