Trump Suggests Corporate Rate Could Go Higher than 20 Percent

Will Donald Trump Win the 2020 Election?


President Donald Trump expressed a willingness to accept a higher corporate tax rate, a position his administration had previously rejected.

“Trump told reporters at the White House before a trip to New York City on Saturday that he would consider setting the corporate tax rate at 22 percent, compared to a 20 percent rate that he has pushed for with House and Senate Republicans during the fall,” the Associated Press reports.

The president spoke several hours after the Senate passed its version of the tax cut bill. Next the bill heads to a conference between the leaders of the House, which passed its own tax cut bill in November, and Senate leaders to work out the…

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