Key players in the Capitol Hill budget debate are deadlocking over the U.S. corporate tax rate.

Senate Budget Committee Chair Bernie Sanders (I-Vt.) wants to push that rate up from the current 21 percent to 35 percent, the corporate tax rate before the 2017 Republican tax cuts. President Biden has proposed hiking the current rate to 28 percent. Sen. Joe Manchin (D-W.Va.) has set his sweet spot at 25 percent.

Read the full article at The Hill.

Sarah Anderson directs the Global Economy Project at the Institute for Policy Studies and co-edits Follow her on Twitter @SarahDAnderson1.

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