WATCH: House Speaker Ryan says Republicans will seek smaller cut to corporate tax rate
WASHINGTON – House Speaker Paul Ryan says the Republican tax plan will aim to reduce the corporate tax rate to mid- to low-20 percent — a smaller cut than what President Donald Trump wants.
Ryan is providing some specifics as the GOP starts to write tax legislation — with help for the middle class a main goal.
Trump has called for a 15 percent tax rate for corporations. The rate now ranges from 15 percent to 35 percent.
Some experts say a 15 percent rate isn’t possible without blowing a hole in the deficit.
Watch Ryan’s remarks in the players above.