Lowering the corporate tax rate was a centerpiece of the plan, and Republicans have said that it will help businesses free up money to invest, grow and raise wages. They continually reshaped the tax-cut bills in the House and Senate to help businesses, even if it meant cutting back on tax benefits for individuals and families.
Senate Majority Leader Mitch McConnell (R-Ky.) dismissed suggestions that the corporate rate could rise to 22 percent, pointing to votes in both the House and Senate that would set it at 20 percent. That would be a major change, McConnell said in a telephone interview, adding that the vote showed he does not have much of a margin.
House conservatives have strongly opposed a higher corporate rate, with Rep. Mark Meadows (R-N.C.), chairman of the Freedom Caucus, saying that anything above 20 percent would be unacceptable. It remained to be seen how the presidents endorsement of a higher rate might impact their stance.
Trump appears to be knocking heads with the swamp, and realizes the current bills soak individuals at the expense of the corporations.
I don't know if that will go anywhere, but bless Trump for at least acknowledging it.
?
How many votes will Trump save by raising the rate to 22% as opposed to how many will he lose by moving it from 20%?
Cuz there really isn't anything to debate.
My opinion? Trump will take what he can get now. 2018 will be spent pummelling Demon Rat senators in the states he won.
Once they are destroyed at the ballot box, 2019 will be spent creating better legislation.
“Business tax all the way down from 35 to 20, Trump told reporters, remarking on a core provision of the Senate bill. It could be 22 when it all comes out, but it could also be 20. Well see what ultimately comes out.”
Trump DOES NOT say he’ll consider raising rate. So the headline is kind of on crack.
Its from the Washington Compost. Therefore it is FAKE!
People have to get this through their heads.
It looks like Schumer got into your head and you swallowed the leftist talking point
All in all, the tax reform is either a great accomplishment or not regardless of the changes that will be made in reconciliation. We are just being baited into heartburn by the left and their media arm for no good reason.
“Trump appears to be knocking heads with the swamp, and realizes the current bills soak individuals at the expense of the corporations.”
Clueless......
The president doesn’t get to raise the rate. This is written with that deliberately false assumption.
Congress proposes and passes bills. The pres sign or rejects them.
He didn’t endorse a higher rate. His words were: “It could be 22 when it all comes out, but it could also be 20. Well see what ultimately comes out.”
That is not “considering.”
Trump’s people have to translate it before they read it
I thought he wanted 15% to begin with?
What a crock of shit.
I stopped reading at “Washington Post”.