U.S. Senate Republicans are weighing a higher corporate tax rate than targeted by President Donald Trump in a bid to fund other priorities and win votes for the sweeping tax package, write WSJ’s Siobhan Hughes and Richard Rubin. A 22% U.S. corporate tax rate, instead of the 20% proposed by GOP leaders and President Trump, could pay for a more generous child-tax credit than currently envisioned. Either would be a step down from the current corporate tax rate of 35%. But, any effort to set the corporate rate higher than 20% could run into resistance from the White House. The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning.

Source: Wall Street Journal November 30, 2017 12:11 UTC