Republicans to delay corporate tax cut to 2019 despite Trump demanding they immediately lower it

Defying the orders of Donald Trump, Senate Republicans are expected to propose delaying the implementation of a lower corporate tax rate until 2019 as the party rushes to pass a sweeping tax rewrite by the end of the year. Lowering the corporate rate is a centrepiece of the Republicans’ plan to cut taxes – an effort that is anticipated to get more complicated once the Senate reveals legislation said to greatly diverge from the House’s measure. House Republicans are advancing a bill that would lower the corporate tax rate in 2018.

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