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Which political party will most strongly oppose the proposed corporate tax cut from 21% to 15% for U.S. manufacturers by the end of 2024?
2
Resolution / Starting Odds
Democratic Party • 25%
Republican Party • 25%
Independent • 25%
Other • 25%
Public statements, Congressional voting records
Story
Trump Announces Corporate Tax Cut from 21% to 15% for U.S. Manufacturers
Sep 5, 2024, 04:44 PM
Former President Donald Trump has announced a comprehensive tax reform plan aimed at revitalizing American manufacturing. The plan includes a reduction of the corporate tax rate from 21% to 15% for companies that manufacture their products in the United States. Trump emphasized that this tax cut is contingent upon companies making their products domestically. Additionally, the plan proposes expanded research and development (R&D) tax credits, 100% bonus depreciation, and expensing for new manufacturing investments. Trump stated that these measures are designed to boost U.S. manufacturing and increase wages for American workers.
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Democratic Party • 25%
Republican Party • 25%
Independent • 25%
Other • 25%
Democratic Party • 33%
Republican Party • 33%
Equal support from both parties • 33%
Joe Biden • 25%
Kamala Harris • 25%
Bernie Sanders • 25%
Other • 25%
Democratic Party • 25%
Republican Party • 25%
Both equally • 25%
Neither • 25%
Democratic Party • 25%
Republican Party • 25%
Libertarian Party • 25%
Other • 25%
Republican • 25%
Democrat • 25%
Independent • 25%
No significant opposition • 25%
Democratic Party • 25%
Republican Party • 25%
Both equally • 25%
Neither • 25%
Passed as proposed • 25%
Passed with modifications • 25%
Not passed • 25%
Other • 25%
Democratic Party • 25%
Republican Party • 25%
Chamber of Commerce • 25%
Labor Unions • 25%
Yes • 50%
No • 50%