Politics Exclusive: Trump wants 20 percent corporate tax rate, shutdown not expected - White House

00:55  08 december  2017
00:55  08 december  2017 Source:   reuters.com

Nearly half of Americans oppose Republican tax bill -Reuters/Ipsos poll

  Nearly half of Americans oppose Republican tax bill -Reuters/Ipsos poll Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a Reuters/Ipsos poll released on Wednesday. Congressional Republicans are trying to rush their tax legislation to a vote on the Senate floor before the end of the week. President Donald Trump strongly backs the bill and wants to sign it into law before the end of the year.

WASHINGTON (Reuters) - The White House is confident it can craft a deal to avoid a government shutdown and foresees a compromise with Short said the White House stood firmly behind the goal of a 20 - percent corporate tax rate as part of the planned tax overhaul currently in Congress.

Exclusive : Trump wants 20 percent corporate tax rate , shutdown not expected - White House 5mth.

a man wearing a suit and tie: U.S. President Donald visits St. Louis, Missouri to speak about tax reform © REUTERS/Kevin Lamarque U.S. President Donald visits St. Louis, Missouri to speak about tax reform

President Donald Trump wants the U.S. corporate tax rate to be 20 percent and the White House is confident that it can craft a deal to avoid a government shutdown, White House legislative affairs director Marc Short said on Thursday.

In an interview with Reuters, Short said he hoped Trump's meeting with Republican and Democratic congressional leaders, scheduled for Thursday, would produce a two-year budget deal that would outline spending for fiscal years 2018 and 2019.

A compromise would include increases in defense and non-defense spending, he said.

Dueling Tax Plans: Here’s What the Senate and House Have to Resolve

  Dueling Tax Plans: Here’s What the Senate and House Have to Resolve The Senate is poised to pass its tax bill but it still needs to be reconciled with the House-passed legislation, which differs in some significant ways from the Senate plan. Sign Up For the Morning Briefing NewsletterFor months, Republican leaders of the “big six” working group held weekly meetings so that the tax plans that they unveiled would be largely unified, making it possible for legislation to sail through Congress before the end of the year.

WASHINGTON (Reuters) - The White House is confident it can craft a deal to avoid a government shutdown and foresees a compromise with Short said the White House stood firmly behind the goal of a 20 - percent corporate tax rate as part of the planned tax overhaul currently in Congress.

WASHINGTON (Reuters) - The White House is confident it can craft a deal to avoid a government shutdown and fores. In an interview with Reuters, Short also said Trump wanted a corporate tax rate of 20 percent in the tax cut package being debated in Congress despite the president saying

Short said the White House stood firmly behind the goal of a 20 percent corporate tax rate as part of the planned tax cut package currently in Congress. Trump's recent suggestion that his tax overhaul effort could lead to a 22 percent corporate tax rate was a reflection of conversations he had with lawmakers, Short said.

"I think he was just reflecting what conversations he had heard from them, but that ... wasn't intended to signal: this is an endorsement of raising the corporate rate," he said.

"When you're seeing countries like Great Britain go below 20, you're seeing Ireland at 12 percent, potentially going to single digits, 20 percent is about as high as we feel comfortable going."

Short said the president was anxious to find a legislative solution for immigrants who were brought to the United States illegally as children and previously received protection under the Deferred Action for Child Arrivals (DACA) program, but he does not want to hold military and government funding hostage over that issue.

(Reporting by Jeff Mason; Editing by Kevin Drawbaugh and Alistair Bell)

FACTBOX-Provisions of the U.S. Republicans' final tax bill .
Republicans in the U.S. Congress reached a deal on tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. Formal language of the legislation, expected to add at least $1 trillion to the $20-trillion national debt over a decade, has not been released. The following are known provisions on which House of Representatives and Senate tax writers have agreed, based on conversations with aides and lawmakers: BUSINESSESCORPORATE TAX RATE: Falls to 21 percent from 35 percent.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!