Republicans Reconsider Bumping Up Corporate Tax Rate

“Republicans negotiating a final GOP tax bill are reconsidering proposals to shrink the plan’s corporate tax cut amid ferocious opposition from Senate Republicans as well as outside conservative and business groups,” the Washington Post reports.

“Both separate bills that passed the House and Senate would lower the corporate tax rate from 35 percent to 20 percent. But lawmakers negotiating the final bill have considered raising the corporate rate to 22 percent, raising new revenue that they would use to offset other changes they plan to make in the final package.”