he de-facto current effective tax rate is 18.6% (with loopholes). Does raising it to 20% without loopholes make sense?
https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world (look at 2nd graph for effective tax rate)
Our near zero interest rates make it near impossible to make business loans. Without loopholes there is no way to encourage good behavior.
he de-facto current effective tax rate is 18.6% (with loopholes). Does raising it to 20% without loopholes make sense?
https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world (look at 2nd graph for effective tax rate)
Our near zero interest rates make it near impossible to make business loans. Without loopholes there is no way to encourage good behavior.