January 30, 2025

Corporate Tax Receipts Are at Record Highs
Although the 2017 tax reforms reduced the corporate tax rate to 21%, today, corporate tax receipts are at a record high level — due in large part to dynamic economic activity spurred by tax reform and a broader corporate tax base. 
21% Corporate Rate + Broader Tax Base = Increased Federal Revenue 

Business Roundtable strongly supports efforts to extend and strengthen TCJA. For more information on our top tax priorities, click HERE. 
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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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