Published April 26, 2017 8:43am EDT | Updated April 26, 2017 9:03am EDT

Mnuchin Confirms Trump To Propose 15% Corporate Tax Rate

Treasury Secretary Steven Mnuchin confirmed on Wednesday that the White House tax plan will include a 15% corporate tax rate. That is down from the current 35%. Mnuchin also indicated the administration has shelved the so-called border adjustment tax for now, saying it doesn't work "in its current form." He said there will be more details on the plan later Wednesday, and that it would be the biggest tax cut in history.