(Reuters) – The White House told Democratic lawmakers in a meeting on Wednesday that a proposed hike in corporate taxes is unlikely to make it into a final reconciliation bill, according to a congressional source familiar with the discussions.
President Joe Biden had proposed increasing the corporate tax rate from 21% to 28%, which would unwind the tax cuts enacted under Republican former President Donald Trump.
(Reporting by Jarrett Renshaw; Editing by Leslie Adler)
