ARTICLE · 23 NOVEMBER 2016

Post-Election Outlook—US Corporate Tax

Grant Thornton

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The election of Donald J. Trump as the next US President and the Republican sweep of the House of Representatives and the Senate create the very possibility of significant US tax legislation...

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Grant Thornton

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The election of Donald J. Trump as the next US President and the Republican sweep of the House of Representatives and the Senate create the very possibility of significant US tax legislation in the next two years.

Trump and House tax platforms

Trump made an effort during the campaign to bring his tax platform closer to the House Republican blueprint of House Speaker Paul Ryan and Ways and Means Committee Chair Kevin Brady. Both plans share many similarities, although the House plan is more detailed.

The key proposals from a business perspective include the following*:

Corporate tax—The House plan would cut the US corporate tax rate to 20% while Trump proposes a 15% rate.

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