Skip to content
Subscriber Only

Bid to Lower Corporate Tax Rate Stirs Backlash From Business

Updated on

The latest plan in Congress to cut business tax rates faces a major obstacle: U.S. businesses.

Many Democrats and Republicans, including new House Ways and Means Committee Chairman Paul Ryan, agree that they will try to reduce the 35 percent corporate tax rate and curb business tax breaks to help pay for it. They’ll leave individual rates alone to avoid a politically charged fight.