Question

Decrease in corporate profits tax rate is an example of

Answer 1

Explanation:

The Tax Cuts and Jobs Act of 2017 changed the top corporate tax rate from 35% to one flatrate of 21%. This rate will be effective forcorporations whose tax year begins after January 1, 2018, and it is a permanent change. The corporate tax rate also applies to LLC's who have elected to be taxed ascorporations.