Reuters: U.S.

Thursday, November 9, 2017

Breaking News: Senate to delay corporate tax cut, breaking with Trump and House

 
 
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Senate to delay corporate tax cut, breaking with Trump and House
Senate Republicans plan to propose delaying a cut in the corporate tax rate until 2019, according to GOP senator.

The proposal breaks with President Trump’s insistence that a corporate tax cut be put in place immediately. The House's tax reform legislation proposes gradually lowering the corporate tax rate from 35 percent to 20 percent starting in 2018.
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