Published: Sep 07, 2024, 05:25 IST | Updated: Sep 07, 2024, 05:25 IST
World Business Watch Sep 07, 2024, 05:25 IST
Trump vs Harris: Competing tax plans
Donald trump has proposed cutting the corporate tax rate to 15 percent for companies that manufacture products in the united states, a significant reduction from the current 21 percent. However, experts warn that such a drastic tax cut could increase deficits and create disparities between large corporations and smaller businesses, Where tax rates can reach as high as 37 percent.