UPDATED 6:42 AM PT — Wed. Nov. 14, 2018
Republican leadership is optimistic about passing a second round of tax cuts for the middle class despite losing control of the House.
On Tuesday, Chairman Kevin Brady of the House Ways and Means Committee explained the GOP is working with Democrats to find common ground on tax relief.
However, negotiations may hit a snag because Republicans are not willing to raise taxes on local businesses in order to pay for the new tax cuts.
Democrats want the corporate tax rate to be raised by several points and are reportedly planning to use their new House majority to look into the matter.
On the other hand, Republicans argue the corporate tax cut is responsible for jump-starting the economy.