The Business Tax Problem Causing Trouble for the GOP
- Cut is major for corporations, meager for others, Johnson says
- It’s unclear ‘how many dollars it’s going to take to fix it’
This article is for subscribers only.
The Senate tax plan encountered its first outright Republican opposition this week, from a senator whose concerns might foreshadow the biggest business challenge ahead for the proposal.
Senator Ron Johnson of Wisconsin called the plan -- which was approved by the Senate Finance Committee late Thursday -- “inadequate” because it would disadvantage many closely held businesses relative to major corporations, or so called C corps.