Friends of Manufacturing

Congress Talks Tax Deal as Trump Signals Corporate Rate Retreat

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House and Senate lawmakers say they’ll begin working Monday on compromise tax-overhaul legislation -- just a couple days after President Donald Trump introduced uncertainty over a provision that could mean a difference of about $200 billion over 10 years.

On Saturday, Trump said the corporate tax rate -- which would be cut to 20 percent from 35 percent in both the House and Senate bills -- “could be 22 (percent) when” a final bill emerges.

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