Trump Repeats His False Claim About U.S. Tax Rate
President Donald Trump knowingly pushed his false claim about the U.S. tax rate as part of his effort to push for lower taxes for multi-billion dollar corporations.
Will be going to North Dakota today to discuss tax reform and tax cuts. We are the highest taxed nation in the world – that will change.
— Donald J. Trump (@realDonaldTrump) September 6, 2017
Trump told the same lie in May, and was debunked by POLITIFACT:
“When we looked at this claim in the past, we compared the United States to the 33 other industrialized nations in Organization for Economic Cooperation and Development.”
“Data from 2014, the most recent year available, shows that the United States wasn’t the most highly taxed by the typical metrics and actually places near the bottom or around the middle of the pack.”
NPR noted that is “generally true” that the U.S. has highest corporate tax rate (which is not what Trump said), but added “many businesses end up paying far less than the statutory rate. “
NPR then revealed Trump’s true intention, which is to lower tax rates for corporations, not Americans (similar to what President Reagan did in the 1980s):
“Trump would like to lower the corporate tax rate to 15 percent, and Ryan has reportedly said that 20 percent to 25 percent is more realistic. Either way, doing so would pull the U.S. well away from the top of this list.”