Donald Trump has pledged not only to stop US businesses from offshoring jobs, but also to take other countries’ jobs and factories in part through huge tariffs that economists say could actually raise domestic prices.
Among the ideas the former president pitched in Georgia on Tuesday was cutting the corporate tax rate from 21 percent to 15 percent, but only for companies that produce in the United States. His opponent, Vice President Kamala Harris, wants to raise the corporate tax rate to 28 percent. It had been 35 percent when Trump became president in 2017, and he later signed a bill lowering it.
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