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 …
American Legislative Exchange Council (ALEC)
State Legislatures
Corporate Lobby
Good Jobs First
Economic Policy Institute
+1 more
alec
corporate-corruption
tax-policy
race-to-bottom
fiscal-crisis
+5 more
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