Senate Republicans Oppose House Plan to Raise Corporate Taxes

House conservatives propose corporate tax hikes to fund Trump's tax agenda, but Senate GOP warns of economic risks.

House conservatives, including Rep. Chip Roy, have suggested raising corporate tax rates to help fund President-elect Trump's tax agenda without increasing the deficit.
The House Freedom Caucus also proposed limiting corporate state and local tax (SALT) deductions to offset raising SALT caps for individuals and families.
Senate Republicans strongly oppose these measures, arguing that higher corporate taxes could harm economic growth, lead to job losses, and make the U.S. less competitive globally.
Some Senate Republicans, like Sen. Ron Johnson, acknowledge past corporate tax cuts may have gone too far but remain skeptical of reversing them now.
The razor-thin Republican majority in the House complicates Speaker Mike Johnson's efforts to build consensus on a tax package, with significant intra-party divisions evident.