"GOP leaders on Wednesday agreed on a final tax cut plan that would lower the corporate rate to 21% and drop the top individual rate to 37%, according to a Republican source briefed on the deal.
Earlier House and Senate versions of the measure would have lowered the corporate rate to 20%, but in reconciling the two plans, leaders needed to nudge up the corporate rate in order to pay for benefits elsewhere.
Among those benefits will be a drop in the rate paid by the richest Americans, a risky move since President Trump and GOP leaders have tried to portray their sweeping plan as aimed at the middle class."
http://beta.latimes.com/politics/la-na-pol-gop-tax-plan-20171213-story.html
Earlier House and Senate versions of the measure would have lowered the corporate rate to 20%, but in reconciling the two plans, leaders needed to nudge up the corporate rate in order to pay for benefits elsewhere.
Among those benefits will be a drop in the rate paid by the richest Americans, a risky move since President Trump and GOP leaders have tried to portray their sweeping plan as aimed at the middle class."
http://beta.latimes.com/politics/la-na-pol-gop-tax-plan-20171213-story.html