Then, if the bills are passed in October and November, the tax legislation can get to Mr. Trump’s desk before December. But there are still divisions on how the tax code would be revised:The White House wants to cut the top corporate tax rate to 15 percent, from 35 percent. House Republicans favor a cut to 20 percent, which several tax experts said was an ambitious goal. Advertisement Continue reading the main storyWall Street, however, was not convinced — Discovery’s stock price plunged on Monday. Related SoftBank Reading• Charter shot down the possibility of buying Sprint, but its shares still soared after reports that SoftBank was weighing making a takeover bid.

Source: New York Times August 01, 2017 10:07 UTC