Ex-Trump adviser Gary Cohn would back Bidens proposed 28% corporate tax rate
President Donald Trump’s former chief economic adviser, Gary Cohn, once helped craft the Tax Cuts and Jobs Act of 2017 that lowered the corporate federal income tax rate (TCJA) from 35% to 21%. Yet he’s comfortable with the rate moving no higher than 28%, a level proposed by Democratic presidential candidate Joe Biden, Cohn told Yahoo Finance’s Adam Shapiro in an interview during Yahoo Finance’s All Markets Summit on Monday.
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Alexis Keenan
Original Article Posted on: October 27, 2020