In 2017, then-President Donald Trump signed a new bill law that slashed the corporate tax rate from 35 per cent to 21 per cent. A report out this week found from the Institute on Taxation and Economic Policy found that 55 large US companies, including major brands such as Nike, paid no federal taxes last year.
The Telegraph: Biden's $3trillion tax hikes find public support despite Republican resistance
Institute on Taxation
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ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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