Prospects brighter for tax overhaul, success not assured
November 30, 2017
WASHINGTON (AP) — GOP leaders toiled behind the scenes Wednesday in hopes of readying a long-anticipated tax bill for a floor debate. A pair of pro-family Republicans offered a plan to pare back a proposed cut in corporate tax rates to make an increase in the child tax credit more generous, while work also intensified on a controversial plan to trigger automatic tax increases if the plan produces higher than hoped-for deficits.
Sens. Mike Lee, R-Utah, and Marco Rubio, R-Fla., said the bill as currently constructed gives too much of its benefits to corporations and that their plan to make...