Investing.com -- The White House announced on Tuesday that President Donald Trump has not yet decided on whether to support an increase in the corporate tax rate. This potential tax hike would be used to fund other tax cuts, but the president’s stance remains unclear.

Press Secretary Karoline Leavitt made the announcement, stating, "I don’t believe the president has made a determination on whether he supports it or not." The decision on the corporate tax rate is yet to be finalized by President Trump, leaving the future of this potential change uncertain. The details of the proposed tax cuts that would be funded by this increase have not been provided.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.