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U.S. federal budget deficit in 2025 after tax cuts?
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U.S. Congressional Budget Office reports
Story
Trump Vows Historic Tax Cuts, Aims for 15% Corporate Rate to Boost U.S. Jobs
Dec 16, 2024, 04:35 PM
President-elect Donald Trump has reiterated his commitment to pass historic tax cuts for American families, workers, and businesses. Trump has pledged to lower the corporate tax rate to 15% for businesses that manufacture their products in the U.S., emphasizing job creation within the country. This promise is part of his broader economic policy to reduce the deficit, although specific details on how this will be achieved alongside tax cuts were not provided.
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