Donald Trump cut the business tax rate to 21 percent from 35 percent in 2017. Speaking privately to business leaders, he said if he retook power, he wanted to make it 20 percent. Trump, Donald J, Taxation, Tax Cuts and Jobs Act (2017), Presidential Election of 2024, United States Politics and Government, Republican Party Donald Trump cut the business tax rate to 21 percent from 35 percent in 2017. Speaking privately to business leaders, he said if he retook power, he wanted to make it 20 percent. NYT > Business