If a series of proposed changes to the tax system, including a 25% corporate tax rate, were passed, 1 million jobs would be lost in the first two years, according to a new NAM study. The data: The analysis—an update to NAM research released in April—considered a range of tax proposals that would change the tax system put into place by the 2017 Tax Cuts and Jobs Act. These included: A corporate tax…
Original source: https://www.nam.org/25-corporate-tax-rate-will-lead-to-job-losses-13812/