GOP Leaders May Bump Up Corporate Tax Rate

“Republican leaders, convinced they need to find new revenue in order to fund last-minute changes to the giant tax package moving through Congress, are looking at decreasing the size of their planned corporate tax cut,” the Washington Post reports.

“The House and Senate passed separate tax-cut packages in recent weeks, and both bills would lower the corporate tax rate from 35 percent to 20 percent. But GOP negotiators are now openly discussing the possibility of moving that rate back up to 22 percent to generate more revenue.”

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