President Trump's Tax Cuts Overachieved – and Tax Revenues Are Higher Than Without the Cut

This is part President Trump's great legacy!

"When Congress passed the 2017 tax cut legislation and former President Trump signed it ... Cutting the corporate income tax rate from 35 percent to 21 percent would increase firms’ incentive to invest because they would keep more of their profits. The tax cut brought the U.S. corporate tax rate much closer to that of other developed countries. ...
the United States would be more competitive in attracting investment. Because capital markets are global, capital can move quickly from one country to another, and the high U.S. tax rate was discouraging that movement to the United States. ..."

Yes, President Trump's Tax Cuts Overachieved – and Tax Revenues Are Higher Than Without the Cut | texasinsider | texasinsider.org Corporate tax revenues will hit a whopping $454 billion, even higher than without a tax cut.