Trump, Congress mull 23% corporate tax rate

Source: MarketWatch

“President Trump has pushed for slashing the corporate tax rate to as low as 15% from a top rate of 35%, but Congress is reportedly looking to split the difference. Negotiations between the White House and Congress appear to be focusing on a rate closer to 23%, according to the Washington Post. Or perhaps a bit higher. Asked if a 15% goal was feasible, Treasury Secretary Steven Mnuchin said at a hedge-fund conference on Tuesday ‘I don’t know if we will be able to achieve that.'” (09/12/17)