Corporate rate cut

A key feature of the House and Senate bills is a reduction in the corporate tax rate from 35 percent to 20 percent. But the Senate version delays the cut for one year. Treasury Secretary Steven Mnuchin said on CBS’ “Face The Nation” that he was confident the issue would not be a stumbling block to reaching an agreement.

Mnuchin also rebuffed projections that the proposed tax cuts would increase the national debt. He said that creating sustained economic growth of 3 percent or higher would generate trillions of dollars in additional revenue to the government.