House GOP reportedly considers "phased-in" biz tax cut

House Ways and Means Chairman Kevin Brady. Photo: Alex Brandon / AP

U.S. stock markets went red on Monday afternoon, after Bloomberg reported that House Republicans are considering a five-year "phase-in" period to get corporate tax rates down to 20%.

Why it matters: We're less than two days away from when the full tax plan is set to be unveiled, but this report suggests that fundamental pieces remain unresolved.