The corporate tax rate reduction to a flat rate of 21% in 2018 was done to make the U.S. corporate tax rate more competitive with rates imposed by other countries and to encourage economic activity in the U.S.

Question

Quizplus · Accepted Answer

The reduction in the corporate tax rate to 21% was indeed done to make the U.S. more competitive with other countries and to incentivize economic activity within the U.S.

The Corporate Tax Rate Reduction to a Flat Rate of 21