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Defying Trump, Senate GOP plan likely to delay corporate tax cut until 2019
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| Contributor | RP |
| Last Edited | RP Nov 09, 2017 12:21pm |
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| Category | Proposed Legislation |
| Author | BEN WHITE and JOSH DAWSEY |
| News Date | Friday, November 10, 2017 04:50:00 AM UTC0:0 |
| Description | The Senate tax reform bill expected Thursday will likely include a delay in the implementation of a lower corporate tax rate until 2019, two people familiar with the matter said.
The effort to reduce the corporate rate is the centerpiece of the GOP plan to lower tax rates and spur faster economic growth. But the Senate is trying to limit the revenue impact to allow a bill to pass with just 51 votes and avoid a possible Democratic filibuster.
In another break with Trump, the bill will not include a repeal of the Obamacare individual mandate, senators said. Trump had pushed for the provision, along with conservative senators. But many lawmakers said reopening the health care debate would just make passing the tax bill harder. |
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