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“ In 2017, Republicans slashed the corporate tax rate from 35% to 21%, giving massive corporations their biggest tax windfall since Ronald Reagan was president. A few years later, as Americans emerged from a global pandemic, these same corporations drove up prices for families.
While inflation hamstrung workers and families, it didn’t make a dent in corporate profits. Companies simply passed rising costs along to consumers” https://www.sun-sentinel.com/2024/05/27/trumps-corporate-tax-cuts-paved-the-way-for-inflation-opinion/