Red+or+blue%3A+Tax+changes+due+%7C+Taxing+Matters

Contributing sentiments towards policy:

65% : Trump and Harris both emphasize protecting and promoting American economic interests.
65% : So when Trump lowered the corporate tax rate from 35% to 21%, the U.S. became more competitive in the global marketplace.
64% : Extension and increase of child tax credit Harris and Trump both support extending and increasing child tax credits.
52% : Business owners -- especially those considering selling their businesses or assets -- might face a notable increase in tax liability.
51% : Tax on capital gains Currently, the tax that is applied to capital gains and qualified dividends income is either 0%, 15% or 20% depending on a taxpayer's level of taxable income.
48% : Trump and the Republican party are proposing a more extreme tariff policy with a baseline tariff between 10% and 20% on all goods imported into the United States, including goods from trade partners and allies.
47% : Trump, however, has advocated for maintaining the current tax rates on capital gains and dividends.
36% : In 2017, as part of the Tax Cuts and Jobs Act, Trump introduced significant increases in tariffs on goods imported from China.
35% : Trump and the Republican party are proposing decreasing the corporate tax rate from 21% to 20%.
31% : Since 1993, the top corporate tax rate had been 35%; then in 2017, Trump passed the Tax Cuts and Jobs Act, which reduced the corporate tax rate to 21%.
18% : Without knowing the outcome of the elections for the White House, House of Representatives and Senate, it is very difficult to speculate on how likely a change in corporate tax rate would be under Harris or Trump.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.