President Trump’s declaration that he would be OK with a 22 percent corporate tax rate in the final tax reform legislation isn’t going to have much of an impact on proceedings, White House budget director Mick Mulvaney said Sunday.
Mulvaney said on CBS’ “Face The Nation” that Trump’s statement on Saturday, which raised eyebrows coming hours after the Senate passed a bill with a 20 percent corporate tax rate, just shows Trump’s willingness to negotiate.
“When you heard the president say we're very close to finish line, you know he's gone from 15 percent rate from the beginning, moved to 20 percent rate as part of the discussion, my understanding is that the Senate has 20 percent rate now, House has 20 percent rate now, we're happy with both of those numbers,” Mulvaney said.
“If something small happens in conference and gets us across the finish line we'll look on it a case by case basis. I don't think you see any significant change in our position on corporate tax.”
The Senate and House are now negotiating to come together on a final product after both chambers passed their own iterations of tax reform.
The goal of lawmakers is to get the legislation to Trump’s desk by the end of the year.