1. Corporate tax rate at 28% seen as more likely than historic cut

    Corporate tax rate at 28% seen as more likely than historic cut

    (Bloomberg) President Donald Trump has promised the largest tax cut in history, but for scores of the biggest U.S. corporations, it might be just a tax nick.

    Constrained by congressional rules, political concerns and simple arithmetic, Republican leaders in Washington have yet to announce any consensus on how to finance the deep corporate tax cut they want, beyond vague plans to close off business-related loopholes.

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    1. These corporate tax rate cuts appeal to the business community in the abstract, but when you talk about what tax subsidies have to be given up, that changes very quickly.
    2. And of the talks underway in Washington, his view was dimmer still:
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