Republican senators are to delay the introduction of corporate tax cuts and curb the generosity of other tax reductions, risking a clash with President Donald Trump over the speed and breadth of the biggest overhaul of US taxes in a generation.
The Senate finance committee’s plan, due to be unveiled yesterday, is part of the Republican push backed by Mr Trump to re-energise the economy and bolster their electoral chances in 2018.
The Senate plan is less radical than Mr Trump’s ambitions and more limited than a rival bill in the House of Representatives, which is due to be voted on next week. The discrepancies are due to efforts by Senate deficit hawks to fit their plans within tight budget limits.
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