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GOP Said Leaning Toward 21% Corporate Rate

House and Senate bills both call for 20%, but Senate version would delay the lower rate until 2019.

By Anna Edgerton, Jennifer Jacobs and Sahil Kapur, Bloomberg | Updated on December 12, 2017

House and Senate negotiators are leaning toward setting a corporate rate of 21 percent, according to three people familiar with the negotiations. The people asked not to be named because the discussions are private.

Slashing the corporate rate from 35 percent has been a cornerstone of the GOP tax overhaul—the House bill calls for a 20 percent rate effective in 2018, while the Senate legislation also calls for a 20 percent rate, but delays it from taking effect until Jan. 1, 2019.

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