The GOP’s Corporate Tax Cut Will Be a ‘Boom’ for the Economy

One of the most important provisions in the GOP’s plan for a tax overhaul is a big cut to the corporate tax rate. The legislation would slash the corporate tax rate from 35 percent to 20 percent.

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“That is huge,” Glenn said on today’s show. “If Trump signs this into law … you’ll see a boom to the economy.”

The bill passed in the Senate on Friday and next needs to return to the House for a vote. Republicans are under pressure to merge the Senate and House’s respective plans for tax reform before the end of the year.