GOP Plans New Corporate Tax Cuts Amid Fiscal Policy Debate

Republicans aim to extend 2017 tax cuts and further reduce corporate rates, sparking concerns over deficit impact.

Republicans seek to extend individual tax cuts from 2017 set to expire in 2025.
Proposals include reducing the corporate tax rate below the current 21%, potentially to 15%.
Analysts estimate a significant increase in the national debt if these cuts are implemented.
The Biden administration criticizes the plans as favoring wealthy corporations over middle-class Americans.
Debate intensifies as the GOP prepares for potential control of Congress and the White House in upcoming elections.