House tax writers are discussing a gradual phase-in for President Donald Trump and Republican leaders' proposed corporate tax-rate cut — on a schedule that would put the rate at 20% in 2022, according to a member of the chamber's tax-writing committee and a person familiar with the discussions.
The phase-in plan is under discussion, but isn't yet final, said a member of the House Ways and Means Committee, who asked not to be named because the discussions are private. Other members said they planned to discuss the proposal during a private meeting Monday afternoon.
House Ways and Means Chairman Kevin Brady told reporters Monday that there hasn't been a decision yet. When asked whether a phase in was being considered, he said only: “We want to get the growth up front.”
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