“At a House Republican lunch this week, Budget Committee Chair Jodey Arrington (R-TX) was presenting a series of slides when he landed on a suggestion that sent people on and off Capitol Hill into a frenzy — raising the corporate tax rate,” Punchbowl News reports.
“Preserving the 21% corporate rate from the 2017 Trump tax cuts is a red line for plenty of Republicans.
President-elect Donald Trump has even called for cutting it further.”“But the idea of raising corporate taxes somehow made its way into the Texas Republican’s presentation. Arrington told us there was a ‘mistake’ and he emphasized that such a rate hike ‘wasn’t even on the table’ as part of his presentation.”