Top Republicans Promise Tax Details Later This Month
- Corporate rate, interest deduction specifics said to be coming
- Hatch: Big Six framework won’t dictate committee’s direction
Kevin Brady
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
U.S. companies can expect to learn more about the tax rate they’d pay and the deductions they’d be allowed to claim on interest payments later this month as part of a new framework for overhauling the U.S. tax code, Treasury Secretary Steven Mnuchin said Thursday.
But neither Mnuchin nor House Ways and Means Chairman Kevin Brady -- who both appeared at a tax event sponsored by Politico Pro -- specified the corporate tax rate or offered much new detail.