Sep 8, 2017

Meadows: 25% corporate tax rate non-starter for 'most' of Freedom Caucus

Axios

The key quote from House Freedom Caucus Chairman Mark Meadows on Morning Joe: "In terms of lines in the sand, we've got to be very, very aggressive in our corporate rates. So if we're looking at a corporate rate of 25%, that's a non-starter for most of us."

Context from Axios' Jonathan Swan:

More from Swan: Most tax veterans believe they'll be lucky to get to 25%. There are not enough revenue sources to get anywhere near the Freedom Caucus' desired 16% rate. The current rate is 34-35%.

Go deeper: The Freedom Caucus tax plan | How tax rates have changed since the 1940s

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