The Latest: Trump says 20 percent rate his goal all along - Erie News Now | WICU & WSEE in Erie, PA

The Latest: Trump says 20 percent rate his goal all along

Posted: Updated:

WASHINGTON (AP) - President Donald Trump says he's always wanted to reduce the corporate tax rate to 20 percent - even though he said repeatedly he wanted to see it lowered to 15 percent.
Trump told reporters as he departed Washington for Indiana on Wednesday afternoon that a 20 percent rate was his "red line" and that it had always been his goal.
"In fact, I wanted to start at 15 so that we got 20," he said, adding: "20's my number."
Trump also denies the plan unveiled by the White House and congressional Republicans Wednesday would benefit the wealthy.
He says: "I think there's very little benefit for people of wealth."
Under the plan, corporations would see their top tax rate cut from 35 percent to 20 percent.

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2018 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 -