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Article snippet: Interest is growing among 2020 Democrats in raising the corporate tax rate back to the level where it was prior to MORE’s tax-cut law. Trump’s 2017 tax-cut law cut the corporate tax rate from 35 percent to 21 percent. While no Democrats voted for Trump’s law, a number agreed with Republicans that the 35 percent rate was too high. But in recent weeks, some Democratic candidates across the ideological spectrum have suggested that the rate should once again be 35 percent. South Bend, Ind. Mayor MORE last weekend called for restoring the corporate tax rate to where it was before the GOP tax law was enacted, in order to pay for his “Medicare for All who want it” health-care plan. He said on “Meet the Press” that his health plan — which would automatically enroll people without health insurance but allow those with coverage through their employers to keep it or join a government plan — is estimated to cost about $1.5 trillion over 10 years. Buttigieg said $1.4 trillion of the cost could be paid for by going back to the pre-Trump level. “The vast majority of that can be recovered by rolling back the corporate tax rate cut portion of the Trump tax cuts,” Buttigieg said. When the Joint Committee on Taxation scored the final version of the Trump tax law ahead of its passage, it estimated that the law’s corporate rate cut would reduce federal revenue by $1.35 trillion over 10 years. Buttigieg's campaign said that the candidate is planning to release an international tax pla... Link to the full article to read more