Does Lowering the Federal Corporate Income Tax Rate Create Jobs?

The creation of the federal corporate income tax occurred in 1909, when the uniform rate was 1% for all business income above $5,000. Since then the rate has increased to as high as 52.8% in 1969, and the single rate has become eight different rates for different income levels. Today's rate for companies with over $18.3 million in income (the top category) is 35%. Throughout US corporate tax history, Americans have debated whether or not lowering the rate results in job creation.