Senate GOP rejects House conservative pitch on corporate tax rates
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going over like lead balloons in the Senate, where Republicans are warning their House counterparts to back off. The Senate GOP argues that hiking corporate taxes could dampen economic activity, lead to foreign takeovers of U.S. corporations and result in job loss. “Absolutely not,” Sen. Markwayne Mullin (R-Okla.) said of proposals to raise the corporate tax rate...
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