Tax Plan Trims Corporate Rate Less Than Conservatives And Businesses Wanted

WASHINGTON (AP) — A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.

Republicans in Congress rushed Tuesday toward a deal. Lawmakers and aides labored at a fevered pace to blend separate tax bills that were passed recently by the House and Senate. The Republican goal is to deliver to President Donald Trump the first major rewrite of the U.S. tax system in more than three decades.