Businesses were a big winner in the Republicans’ 2017 tax law, but with debt concerns mounting, they are on the defensive.
“I’d like to see corporations getting with the program and saving America, instead of just looking at their bottom line.” This time, the focus for lawmakers in both parties is different, as they try to prevent tax increases for millions of Americans, even as warning lights are blinking red over the deficit.
The Biden administration says any tax agreement must not add to the deficit. Most Republicans are not going that far, but some say they need to do a better job containing costs this time around.
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