“Donald Trump’s recent suggestion of cutting the U.S. corporate tax rate to 15% is facing increasing skepticism by members of his own party,” Semafor reports.
“That includes some GOP senators starting to suit up for next year’s fight over expiring swaths of the 2017 tax cuts. One influential Senate Republican even suggested raising the existing 21% corporate rate, which was one of the permanent provisions of the law.
”Said Sen. Thom Tillis (R-NC): “The concern I have with cutting is you see how much we lowered the rate. Can we really honestly say it’s going to spur economic activity to justify it?”