Resolution Aims to Undo ‘Hidden’ $10 Billion Trump Tax Giveaway to Massive Corporations
Tuesday, February 10, 2026
AI Disclaimer: This platform utilizes AI to summarize breaking news and may contain inaccuracies or errors. As the platform grows, we intend to add more human oversight and pursue justice while minimizing AI involvement.
The Congressional Review Act (CRA) resolution aims to reverse the Trump administration's regulatory changes to the corporate alternative minimum tax (CAMT), which could give corporations and private equity firms over $10 billion in tax breaks, according to Wyden's office.
The Center on Budget and Policy Priorities opposes the Trump administration's guidance, saying it offers corporations a "rainbow of choices" to calculate their share of partnership book income, deviating from the statutory intent of the CAMT, which requires highly profitable US companies to pay a tax of at least 15% on book profits.
The resolution has drawn support from the Committee for a Responsible Federal Budget, with President Maya MacGuineas stating that it would help restore the Corporate Alternative Minimum Tax to its intended design, a "small first step" towards improving tax enforcement and strengthening the tax base.
