Running The Numbers on The Corporate Tax Rate

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Members of Congress are back in Washington today after a week-long Thanksgiving recess. That means that the clock is ticking once again for Republicans to get tax reform passed before the end of the year.

Republicans are hoping to give a permanent tax cut to corporations, down from 35 percent to 20 percent. House Speaker Paul Ryan painted a rosy picture of a lower corporate tax rate earlier this month on CNBC, when he told the network, “We really are convinced that that's going to give us faster economic growth, higher wage growth ... [and] almost a million new jobs."

But do all of the figures that conservatives like Ryan cite about the corporate tax rate actually add up? Rebecca Kysar, visiting professor at Fordham University School of Law and a professor at Brooklyn Law School, joins The Takeaway to break down how the corporate tax rate works in practice. 

This segment is hosted by Todd Zwillich