Tags: us | tax overhaul | corporate tax rate

Trump Says Lower Corporate Rate 'Non-negotiable'

Trump Says Lower Corporate Rate 'Non-negotiable'

Thursday, 28 September 2017 08:28 AM

President Donald Trump says reducing the corporate tax rate to 20 percent is a "non-negotiable" part of his tax plan.

Trump tells "Fox & Friends" that he wanted to go lower, but "the numbers really work at 20."

The president and congressional Republicans came out with their tax overhaul plan on Wednesday. Under the plan, corporations would see their top tax rate cut from 35 percent to 20 percent.

Trump says the overall plan would provide tax relief for the middle class.

But there are too many unknowns in the proposal right now to know how it actually would affect taxpayers.

In his latest tweet, Trump notes Democratic opposition to the plan. He says: "Democrats don't want massive tax cuts - how does that win elections? Great reviews for Tax Cut and Reform Bill."

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President Donald Trump says reducing the corporate tax rate to 20 percent is a "non-negotiable" part of his tax plan.
us, tax overhaul, corporate tax rate
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2017-28-28
Thursday, 28 September 2017 08:28 AM
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