During the most recent presidential election, one of the stark differences between candidates came in the area of corporate tax rates. President Trump supported lowering corporate rates to a maximum of 15%, Congress finally passed a 21% rate. President Biden want to raise the corporate tax rate to 28% and restore the alternative minimum tax for corporations with book income above $100,000,000. Discuss what the effect of raising the rates will have on the economy to include, but not limited to: Corporate formations, corporate inversions, repatriation of earnings by domestic companies, economic competitiveness with other countries, federal budget deficits, economic stratification, and capital investment.