United States Treasury Secretary Janet Yellen said on Wednesday that a corporate tax rate of 28% would be “appropriate within a global framework” in order for the US to remain competitive. Furthermore, in her testimony before the Senate Banking, Housing, & Urban Affairs Committee, the ex-Federal Reserve chairwoman dismissed the advantages of former President Donald Trump’s Tax Cuts and Jobs Act of 2017. “I don’t think it had a very substantial impact on investment spending in the United States,” Yellen told lawmakers. On Tuesday, she said that the Biden administration is examining tax hikes in order to fund an ambitious infrastructure bill that could be worth $3 trillion. Nick Note: The present corporate tax rate is a flat 21%. The new tax rate is to be negotiated. What ever… i could see the tax rate returning to 25%. Before the tax change in2018 the tax rate was 35% so this PROPOSED tax increase is a nothing Berger.