State Corporate Tax Rates Decline 33% Over Three Decades - ALEC's Interstate Race-to-Bottom Costs States $43-57 Billion Annually in Lost Revenue

By 2019, research documented the cumulative impact of ALEC’s systematic corporate tax-cutting campaign: the effective state and local tax rate on corporate profits had declined from 5.9% in 1989 to 3.9% in 2019—a 33% reduction representing the successful culmination of three decades of …