Only a small number of U.S. tax, finance and business professionals expect President Donald Trump’s 15-percent corporate tax rate to become reality as part of tax reform, according to a Deloitte Tax LLP survey released on Tuesday.
The poll of more than 3,100 people offered a glimpse of private-sector expectations about tax reform that are less optimistic than public statements from Trump administration officials and lawmakers.
Trump and his fellow Republicans are pushing to get the corporate income tax rate down from 35 percent to 15-20 percent, saying that doing so would drive U.S. economic growth and competitiveness in coming years.
Just under half of the poll’s participants viewed a lower corporate rate as being the main economic driver of tax reform, but nearly 40 percent predicted the rate would end up at 25 percent, due to the political and budgetary challenges facing tax reform.
Thirty-one percent of those surveyed