Ledger · 2016 campaign · № 66
Cut the corporate tax rate to 15 percent
Partial“[paraphrase] Lower the business tax rate from 35 percent to 15 percent.”
- Promised
- , Campaign tax plan and Economic Club of New York speech
- Re-promised
- 12 times with a fresh deadline
- Topic
- Taxes & deficit
- Era
- 2016 campaign
What happened
The December 2017 law cut the corporate rate to 21 percent, not the promised 15 percent. PolitiFact rated the promise a compromise on December 20, 2017. The estate tax was likewise not eliminated; the exemption was roughly doubled instead.