Big business frets Congress will hike their levies

April 21, 2025, 10:02 AM UTC

Republicans find themselves in the novel position of weighing how much of the cost of extending a multi-trillion-dollar tax package should be borne on the backs of businesses and the rich.

It’s crunch time for the staff of House lawmakers, who hope to mark up a sweeping tax package next month that will cement expiring provisions of the 2017 tax law and as many as $1.5 trillion of dollars in additional cuts, such as President Donald Trump’s campaign pledges to exempt tipped and overtime income.

But business’ backers in Washington have been fretting the legislation they’ve been championing for months ...

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