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Trump: 'Very Close' to Tax Bill, Would Support 21% Corp. Tax Rate

Published 12/13/2017, 01:17 PM
Updated 12/13/2017, 01:17 PM
© Reuters.

Investing.com - US President Donald Trump said Republican lawmakers were "very close" to tax a deal and signalled his support for a 21% corporate tax rate.

Trump said he hopes to sign the tax bill “in a very short period of time”, and stressed that it was “very important for the country” that Congress vote on it next week.

Trump's comments come after Senate Finance Committee Chairman Orrin Hatch confirmed Wednesday that House and Senate negotiators reached a deal on a tax plan.

Tax reform is widely expected to provide the economy with a fiscal lift, fuelling a rally in US equities as investors place bullish bets on companies likely to benefit from the measures.

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