Trump considering corporate tax hike to pay for ‘big, beautiful’ tax reform package

President Donald Trump is considering a proposal put forward by some Republicans to raise the corporate tax rate to offset trillions of dollars in other tax cuts proposed by the White House, which would break from his 2024 campaign platform.

Trump’s 2017 Tax Cuts and Jobs Act extended tax cuts to more than 60% of all American filers and lowered the corporate tax rate from 35% to 21%. The individual provisions included in TCJA will expire at the end of this year without Congressional action. However, the corporate tax amendment was made permanent, and the president repeatedly floated lowering it again to 15% while campaigning last year...