Multiple Choice
When Congress and President Trump enacted the Tax Cuts and Jobs Act of 2017, they
A) raised the top corporate income tax rate from 12 percent to 21 percent and cut the highest personal tax rate from 39.6 percent to 21 percent.
B) cut the top corporate income tax rate from 35 percent to 10 percent and raised the top rate for "income pass-through businesses" from 12 percent to 39.6 percent.
C) cut personal income tax rates and raised corporate income tax rates.
D) cut the top corporate income tax rate from 35 percent to 21 percent.
Correct Answer:
Verified
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