Cohn Calls for Sub-23% Corporate Tax Rate

White House economic advisor Gary Cohn stated that the US must reduce the tax rate for corporations and pass-through entities below 23%.  He indicated such a rate is necessary to encourage domestic corporations to keep their profits in the US by competing with corporate tax rates offered by most member countries of the Organisation for Economic Co-operation and Development (OECD).  Cohn reaffirmed the GOP’s fall deadline for completion of a comprehensive tax reform bill.

Cohn Says Tax Writers Have to Get Corporate Rate Below 23%

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