By Veronique de Rugy
The so-called “Big Six” Republican tax leaders have unveiled more of their plan to reform the tax code. As usual, it’ll be light on details, but we’re told to expect a cut in the corporate income tax rate to 20 percent — as opposed to the 15 percent rate Pres. Donald Trump has promised.
That’s unfortunate. With Republicans being the worst negotiators, this rate will only go up once Democrats and the Republicans who behave like Democrats have their say. Even though the United States has the highest corporate tax rate of all developed countries, some lawmakers still believe it’s unfair or politically impractical to give corporations tax cuts.