Senate GOP Rejects Rep. Roy’s Idea to Hike Corporate Taxes

A House conservative’s idea to hike the corporate tax rate to help offset the costs of President-elect Donald Trump’s policies is a nonstarter with some Senate Republicans, The Hill reported.

A member of the Freedom Caucus, Rep. Chip Roy, R-Texas, floated a plan during a recent interview to bump corporate tax rates up from 21% to help pay for Trump’s upcoming policy agenda.

“Absolutely not,” Sen. Markwayne Mullin, R-Okla., said of the idea.

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