Anyone interested in economic growth should focus on what he says about corporate taxes. While the proposal will likely involve changes to individual tax rates, it is the corporate tax rate that has the potential to spur economic growth more than what will likely happen to individual taxes. The Trump plan is expected to slash the corporate tax rate from 35% (one of the highest in the world) to 15%. All major U.S. corporations evaluate new projects assuming that they will pay the standard U.S. corporate tax rate of 35%. This is true regardless of whether they actually pay an effective tax rate of 35% or not.

Source: Forbes April 26, 2017 13:50 UTC