May 7, 2025

America’s Corporate Tax Rate Is Still Higher Than the OECD Average
The 2017 Tax Cuts and Jobs Act (TCJA) helped level the playing field for American businesses by setting the corporate tax rate at 21%. While tax reform increased America’s global competitiveness and drove domestic investment, the current U.S. combined corporate tax rate of 25.6% — federal (21%) plus state average (4.6%) — is still one of the highest among developed economies.   
In fact, the U.S. corporate tax rate is nearly 2 percentage points higher than the Organization for Economic Cooperation and Development (OECD) average.
Any increase to the corporate tax rate would reverse the progress made by TCJA and threaten American businesses’ ability to invest at home, create American jobs and compete globally. 
Business Roundtable urges Congress to extend and strengthen TCJA.
Learn more about the importance of tax reform:
For more information, visit brt.org/ExtendTCJA. 
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Business Roundtable is an association of more than 200 chief executive officers (CEOs) of America’s leading companies, representing every sector of the U.S. economy. Business Roundtable CEOs lead U.S.-based companies that support one in four American jobs and almost a quarter of U.S. GDP. Through CEO-led policy committees, Business Roundtable members develop and advocate directly for policies to promote a thriving U.S. economy and expanded opportunity for all Americans.

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