Top congressional Republicans, racing to hammer out a final tax agreement by the end of the week, have yet to make any breakthroughs on a range of key issues.
House and Senate negotiators bounced proposals back and forth over the weekend, but said Monday that they still had to find compromises on where to set the corporate tax rate, how to treat millions of businesses that aren’t set up as corporations and how much of a deduction to allow for state and local taxes.
“We speak of little else these days,” said Senate Majority Whip John Cornyn (R-Texas).
On the House side, Ways and Means Chairman Kevin Brady (R-Texas) deflected questions about a slew of potential trouble spots, also including the estate tax, the Alternative Minimum Tax and the fate of an existing law barring churches and other tax-exempt groups from openly politicking.
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