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Treasury chief sees 'competitive' corporate tax rate: CNBC

Reuters

WASHINGTON (Reuters) - A 15 percent corporate tax rate backed by President Donald Trump may not be possible, but businesses will see a "competitive" rate as Republicans push their tax reform plan through Congress, the U.S. treasury secretary said on Tuesday.

"Ideally, he'd like to get it down to 15 percent. I don't know if we'll be able to achieve that given the budget issues, but we're going to get this down to a very competitive level," Steven Mnuchin said, speaking at an conference hosted by CNBC.

(Reporting by David Lawder and Susan Heavey)