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GOP Senators Open To Corporate Tax Increase (Axios)

US

Some key Republican senators won't rule out raising additional revenue from corporations and told Axios' Kadia Goba and Hans Nichols they're open to closing loopholes that allow big businesses to eliminate their overall tax bill. While Biden's proposal to raise the corporate tax rate from 21% to 28% to pay for his infrastructure plan has been met with near-uniform GOP opposition, there's some appetite to ensure corporations pay more.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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