Trump extols corporate profits while seeking corporate tax cut

Trump extols corporate profits while seeking corporate tax cutBy David Morgan WASHINGTON (Reuters) – U.S. President Donald Trump sent a Twitter message bragging about corporate America’s high profits under his presidency on Tuesday, prompting critics to say he was undercutting Republican arguments in favor of a tax cut for corporations. As Republicans in Washington try to refocus on taxes after the collapse of their failed drive to repeal Obamacare, Trump sent a morning tweet that said: “Corporations have NEVER made as much money as they are making now.” Corporate lobbyists and Republicans consistently argue that a cut in the corporate income tax is needed to help corporations be more competitive.



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