Corporate rate cut falls to wayside as GOP reckons with budget math

Published February 27, 2025 6:00am ET



Republicans have backed away from their campaign trail talk about lowering the corporate tax rate as they begin to craft a major overhaul of spending and taxation.

Before the election, President Donald Trump talked about cutting the headline corporate tax rate from 21% to 20% at one point, and he endorsed reducing the rate to 15% for companies that make their products in America. But on Capitol Hill, such plans don’t appear to be a focus at this point.

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