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Getty Images Mick Mulvaney said Tuesday that President Trump is seeking ‘refinements’ to tax policy.
‘The president would love to see further refinements to tax policy. He was always disappointed we couldn’t get that corporate tax rate down just a little bit more.’
President Donald Trump wants to go beyond the corporate tax cuts put in place by the 2017 law, his acting chief of staff said Tuesday when asked about plans if Trump gets re-elected.
Mick Mulvaney made the comments at the Wall Street Journal’s CEO Council meeting in Washington.
The tax bill Trump signed lowered the corporate rate to 21% from 35%, but said Mulvaney, the president has been “disappointed” it wasn’t cut farther.
The fresh comment from Mulvaney underscores a key difference between Trump and his challengers including former Vice President Joe Biden, who is the front-runner for the Democratic presidential nomination.
Biden proposes raising the corporate rate to 28%, as well as lifting the top rate on individuals to 39.6% from 37%.
See: Biden proposes minimum federal tax aimed at Amazon and others who pay $0.
