Kudlow floats cutting corporate tax rate in half for companies returning production to US
Republicans cut the corporate tax rate to 21% from 35% in the 2017 tax overhaul
Trump is promoting economic growth incentives: Larry Kudlow
White House economic adviser Larry Kudlow says the U.S. must focus on reopening the economy as coronavirus case numbers are beginning to flatten out throughout the country.
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President Trump's chief economic adviser Larry Kudlow on Friday floated the possibility of slashing the corporate tax rate in half for American companies operating overseas if they shift their production back to the U.S.
"Maybe, this is a maybe, maybe the corporate tax of 21 percent should be lowered by 50 percent to about 10.5 percent for corporations that are coming back home," he told FOX Business. "Maybe that's something to look at."
The Republican-led tax overhaul slashed the corporate tax rate to 21 percent from 35 percent in 2017.
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