Freedom Caucus chairman wants the corporate tax rate to drop down to teens
House Freedom Caucus Chairman Mark Meadows (R-N.C.) wants Congress to pass legislation that would drop the corporate tax rate from the current 35 percent down to the teens.
“I don’t want to nibble around the edges,” Meadows said Wednesday at an event hosted by Americans for Prosperity (AFP), a group backed by the GOP mega-donors Charles and David Koch.
“I think that something with a one in front of it, whether it’s 15 or 17 or 18 [percent], that’s where we need to be,” he added.
Republicans broadly agree about wanting to lower the corporate tax rate, which is currently 35 percent, but they don’t have consensus on what the new rate should be.
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