US needs corporate tax reform. Does the GOP deliver it?
Ask Americans what bothers them the most about taxes, and they typically don’t talk about their own tax bill. Their top complaint is that corporations are not paying their fair share.
Polls this year suggest that roughly two-thirds of Americans believe corporate taxes should go up.
So why are Republicans in the House and Senate moving full-speed ahead to do just the opposite?
As the Senate Finance Committee voted Thursday to move its tax bill to the floor, the measure was stirring controversy on several fronts – not least because it makes its tax cuts for average Americans temporary, and it uses that phaseout to help finance a permanent tax cut for corporations.
The political optics aren’t good, and the proposal could face changes when it’s taken up on the Senate floor
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