(CNN) As national Republicans scramble their resources for a high-stakes midterm election year, some of the party's biggest and most reliable donors have quietly withheld their support for Senate and House Republican groups out of frustration with the new tax law, CNN has learned. The standoff has a tinge of irony because the tax changes are a centerpiece of the GOP's case to voters in the midterm elections. Meanwhile, Democrats have accused Republicans of catering to the wealthiest Americans with the law: In a news conference earlier this year, House Minority Leader Nancy Pelosi warned that the Republican tax plan is "padding the pockets of GOP donors, executives, and big corporations at the expense of everyone else." Collectively, they have bristled at what they view as favored treatment for corporations under the law. While the corporate tax rate was slashed from 35% to 21%, hedge funds are largely taxed at the top individual rate, which ticked down from 39.6% to 37%.
Source: CNN May 14, 2018 14:26 UTC