Trump complains about the size of the corporate tax cut, hours after the Republican Senate approves a bill that met his demands


President Trump on Saturday first suggested that he would consider significant changes in the plan for adjusting emerging taxes, including setting the corporate tax rate at 22 percent , a higher rate On Saturday morning, the Senate narrowly approved a bill that would cut corporate tax rates from 35 percent to 20 percent starting in 2019. Several Republicans had tried to reduce the corporate tax rate from 35 percent to 20 percent. get Republican leaders to allow the corporate rate to be set at 22 percent in exchange for other tax breaks for families, but Republican Party leaders held the line at 20 percent, partly because Trump had said he would not allow it to go up . [19659003] But less than 12 hours later, while Trump was traveling to New York, he told reporters he could accept 22 percent.

"Commercial rates went down from 35 to 20," Trump told reporters, commenting on one of the elements of the Senate bill. "It could be 22 when everything comes out, but it could also be 20. We'll see what finally comes out."

Each change of one percentage point in the corporate tax rate equals approximately $ 100 billion in revenue over 10 years. So moving the rate up to two points would release approximately $ 200 billion in revenue.

Sen. Ron Johnson (R-Wis.) Had proposed setting the rate at 22 percent to allow tax cuts to begin next year and not delay the cut until 2019. But Trump is also under considerable pressure from donors to reduce the maximum tax rate paid by rich individuals. His tax rate did not fall much on the tax review plans of the House and the Senate, which caused protests and complaints from the rich contributors of the Republican campaign.

The Senate approved a Republican bill on December 2 to revise the tax code. The bill was approved by 51 votes in favor and 49 against. (Bastien Inzaurralde / The Washington Post)

If the White House tries to reduce the maximum tax rate for people, it would be a clear difference from several months ago, when the then chief strategist Stephen K. Bannon pleaded to raise the share higher tax rate paid by wealthier Americans as a way to move forward with some of the populist principles invoked by Trump during his campaign. [

[ The Republican Senate bill pbades a major victory for Trump, Republicans] [19659003] Trump did not explain why he was considering allowing a rate of 22 percent. He had insisted for months that the corporate rate should be reduced to 15%, and he was angry when his top aides told him that the 20% rate was the goal that the Republican leaders had established on Capitol Hill.

In October Treasury Secretary Steven Mnuchin told CNBC that lowering the maximum tax rate to 20 percent was "non-negotiable."

And on Friday night, during the debate in the Senate, Senator Marco Rubio (R-Fla.) Complained his colleagues did not even allow him to move the corporate rate to 20.94 percent, saying they acted as if this were a "catastrophe".

The reduction of the corporate tax rate emerged as a centerpiece of the tax plan, and Republicans have said it will help companies free up money to invest, grow and raise wages. They continually reformed the tax-cutting bills in the House of Representatives and the Senate to help businesses, even if that meant reducing tax benefits for individuals and families.

This has caused a certain political ardor.

Several Republicans have pointed out in recent days that the fiscal review plan that pbaded the House in November and the Senate on Saturday morning disproportionately helps corporations and the rich, and there has been a limited effort in recent days to try to extend more tax cuts for families and individuals. Many of the tax breaks for families and individuals in the House and Senate bills are temporary, while most corporate tax cuts become permanent.

Although the House and the Senate pbaded fiscal review laws, there are many differences. They must resolve them to send a bill identical to the president that he can enact.

The Chamber's tax bill left the maximum tax category at 39.6 percent, although it raised the income threshold that would be subject to that tax rate.

The Senate bill slightly lowered the maximum rate to 38.5 percent.

The White House had considered reducing the maximum tax rate to 33 percent or 35 percent, but the Republicans faced great pressure to prevent the package from cutting taxes on the rich by too much.

Still, Trump has always wanted to lower the maximum tax rate. This change, in addition to helping the rich, would also help reduce taxes for millions of businesses. This is because they are structured in such a way that their owners and investors pay taxes through the individual tax code, not through the corporate tax code.

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