The House Ways and Means Committee is considering a gradual cut to the proposed 20% corporate tax rate within the Republican tax plan in order to avoid a spike in the deficit and to keep the final bill revenue neutral, FOX Business has learned.

Congressional lawmakers working on crafting a final tax reform bill are contemplating delaying an immediate cut to the proposed corporate rate reduction from 35% to 20% and, instead, bringing it down over a timespan of possibly three to five years, according to sources familiar with the matter.

Read More: https://finance.yahoo.com

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