Cut the corporate income tax rate to 18 percent
What the document says“The corporate income tax rate should be reduced to 18 percent.”
The chapter calls the corporate income tax the most damaging tax in the system and says its primary economic burden falls on workers because capital is more mobile than labor.
What the document actually says“The corporate income tax rate should be reduced to 18 percent.”
Cut the tax on company profits to 18 percent.
Firms pay tax on their profits. The book says that tax hurts workers most. It wants the rate cut to 18 percent.
Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. No indexed action changes the corporate income tax rate. The 2025 tax law (PL 119-21) rewrites much of business taxation, including full expensing and the international rules, but it carries no rate change, and none of the candidates here reaches the rate. The nearest, memo-2025-02043, concerns the OECD global minimum tax rather than the domestic rate. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.