Trump Corporate Tax 6-7-25

Donald Trump's agenda regarding corporate tax, particularly for a 15% rate, centers on stimulating domestic production and economic growth. 

Here's a breakdown of his proposals:

1. Lowering the Corporate Tax Rate:

• General Reduction: Trump proposes reducing the corporate tax rate from the current 21% to 20%.
• Incentivizing Domestic Manufacturing: He further proposes a 15% corporate tax rate specifically for companies that manufacture their products within the United States. 

2. Reintroducing the Domestic Production Activities Deduction (DPAD):

• Trump has suggested reinstating a form of the DPAD, which could effectively lower the tax rate for domestic producers.
• This deduction, previously eliminated under the 2017 tax law, aimed to provide tax relief for domestic manufacturing activities. 

3. Potential Effects:

• Increased Domestic Production: The lower tax rate for domestic manufacturers aims to incentivize companies to produce goods within the U.S., potentially leading to job creation and economic growth.
• Enhanced Competitiveness: A lower corporate tax rate, in general, could make U.S. businesses more competitive internationally.
• Potential for Increased Deficit: However, these tax cuts could also lead to an increase in the federal deficit if not balanced by other revenue increases or spending cuts. 

In summary: Trump's agenda aims to use corporate tax cuts, particularly a lower rate for domestic manufacturers, as a tool to incentivize domestic production and boost the U.S. economy. 

https://www.google.com/search?q=trump+agenda+for+a+15%25+corporate+tax+2025

Comments

The 21% Corporate Tax was made permanent in the House Reconciliation Bill in May 2025 to lock in the tax rate.

The Senate sent their amendments to the House. They are currently working toward agreement. Their final Bill will be sent to Trump to sign it into law. 

That leaves Income Tax Rates to be lowered again for US citizens and corporations. The cost of Deportation and the cost of computer systems that will allow automation will need to be funded. DOGE is now operating in Agencies to continue their reorganization. The further reduction in Federal Spending will continue through 2026 to 2028. Further growth in the US Economy will continue to lower US Inflation.

It’s up to US citizens to pursue the 7 million job openings we currently have and pursue future job openings.

It’s up to States to align their education curricula to support the training needed for these new jobs.

Norb Leahy, Dunwoody GA Tea Party Leader