Now, according to JCT, large corporations have an effective rate of 10.8%, large corporations 14.8. So we can't even screw that up. We made a differential between the large guys and the small guys. And of course Pass throughs are up in the 20% and they're going to get really hosed if tax cuts expire. So again, I think you'd make the argument, I mean, again, I would eliminate the corporate tax and tax all business income at the ownership level like we do with 95% of American businesses. (19:23–19:29)
CLAIM
Asserts that pass-through businesses face a 20% tax rate and will be negatively impacted if tax cuts expire.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
