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. Both separate bills that passed the House and Senate would lower the corporate tax rate from 35 percent to 20 percent. On Friday, a conservative advocacy group tied to the Koch brothers criticized Republican officials for considering the diminished corporate tax cut. President Trump opened the door to the 22 percent corporate tax rate this past weekend. Each percentage-point increase in the corporate tax rate would give Republican lawmakers approximately $100 billion in revenue over 10 years to work with.

Source: Washington Post December 08, 2017 21:30 UTC