Reuters: U.S.

Tuesday, December 12, 2017

News Alert: GOP eyes raising corporate rate to 21 percent, lowering top individual tax rate

 
 
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GOP eyes raising corporate rate to 21 percent, lowering top individual tax rate
Republican negotiators have a tentative agreement to raise the corporate tax rate in their joint House-Senate tax bill from 20 to 21 percent, two GOP sources tell The Hill.

The higher corporate rate would cap a furious debate within the GOP conference, as conservatives inside and outside the conference have fought to keep the 20 percent rate originally approved in separate bills by the House and Senate.
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