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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.

MORE: Trump makes a debt ceiling deal with Democrats, complicating work for Republicans

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.

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