Business groups, sensing victory, keep up pressure over tax hikes

Photo © Greg Nash. Article by Karl Evers-Hillstrom. The Hill – October 27, 2021.

Business groups are on the verge of cutting corporate tax increases out of Democrats’ multitrillion-dollar social spending package in what would be a significant lobbying victory that seemed improbable just a few weeks ago. President Biden has acknowledged that Democrats no longer have the votes to raise tax rates on corporations after Sen. Kyrsten Sinema (D-Ariz.), who previously campaigned against the GOP’s 2017 corporate tax cuts, announced her opposition to tax hikes Friday. […]

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