How to Invest Your New Corporate Tax Savings in Smart Manufacturing

by | Apr 11, 2022 | Blog | 0 comments

The Tax Cuts and Jobs Act of 2017 reduced from 35 percent to 21 percent starting in 2018. Since the new tax law did little to close many loopholes, the effective corporate tax rate will be even lower. But it looks like President Biden’s proposal to raise the federal corporate income tax rate from 21 percent to 28 percent, or even to to 25 percent will mark a significant change for businesses.

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