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Trump's 15% Corporate Tax Push May Mean Clash with Ryan

House Speaker has said it would be difficult to pay for that rate.

By Sahil Kapur, Bloomberg | Updated on April 25, 2017

President Donald Trump’s plan to slash the corporate tax rate to 15% is setting up a showdown with House Speaker Paul Ryan, who has called for a tax plan to pay for itself.

Trump intends to lay out broad tax principles on Wednesday, including cutting the federal corporate tax rate to 15% from 35%, a White House official said. A rate that low would make it difficult to find ways to increase revenue or eliminate deductions to offset it, which means a plan wouldn’t be revenue-neutral, or permanent.

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