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Trump says he's open to raising corporate taxes

President Trump at post-midterms press conference.
Photo by Mark Wilson/Getty Images

President Trump said during a press conference on Wednesday that he would be open to raising some taxes, including on corporations, as part of a hypothetical compromise with Democrats to lower individual tax rates on the middle class.

Why it matters: Republicans repeatedly talked about how the corporate tax cuts of 2017 were "permanent," but that simply meant they didn't expire on their own. Like any tax law, they are always subject to legislative change.

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