Steven Mnuchin Says Trump Won’t Bend on Corporate Tax Rate of 20%

Steven Mnuchin Says Trump Won’t Bend on Corporate Tax Rate of 20%

WASHINGTON- Treasury Secretary Steven Mnuchin said the Trump Administration would refuse to support legislation with a corporate tax rate of above 20%.“ It’s not going up,” Mnuchin said. “I can tell you this is one of the things the president feels very strongly about.” Senate Republicans’ tax plan, revealed last week, is similar to the House plan in that it cuts corporate tax rates from 35% to 20%. But the Senate’s version delays this rate cut until 2019.

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