Trump blesses 21 percent corporate tax rate, clears way for final tax deal

December 14, 2017

Trump_62067.jpg-2a0a2_c0-207-4051-2568_s885x516President Trump said Wednesday he would be willing to accept a 21 percent corporate income tax rate, giving his blessing to what appears to be the crux of an emerging deal on the GOP’s tax-cut package.

The 21 percent rate, while down from the current 35 percent tax, is higher than the 15 percent Mr. Trump had originally sought and a tick up from the 20 percent compromise lawmakers had reached last month.

But the president said it still marks a major cut.

“If it got down to 21, I would certainly be thrilled,” he said while meeting with GOP negotiators at the White House.

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