We know that “privately, Trump has told allies that he is keenly interested in cutting corporate tax rates again,” according to The Washington Post, even as corporate profits hit near record highs in 2023. The Post also reported that “Trump’s advisers…have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent.” As antitax advocate Grover Norquist told The Post, “‘I would be very surprised’ if he abandoned the push for lower corporate taxes…‘All the people advising him before for sure think the 15 percent is where we need to go.’”
Corporations do not make their tax returns public so we cannot know the precise size of each corporations’ tax cut from a 15 percent corporate tax rate. Financial filings, however, provide some clue about which corporations pay the most in U.S. corporate taxes and would benefit the most from the lower tax rate.
