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

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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.

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