White House scaling back goals for business tax cuts

With President Trump’s promise to repeal and replace the Affordable Care Act nearly dead, administration officials are scaling back their ambitions to cut the corporate tax rate sharply, apparently taking a more pragmatic approach as they scramble to secure a major legislative victory this year.

In recent days, discussions among Mr. Trump’s economic advisers over promised tax cuts for corporations and individuals have taken on new urgency, a person who has been briefed on the matter said. One crucial point of discussions in the coming days, the person said, will be the proposed business tax rate. In April, a White House policy paper pegged it at 15 percent for corporations and small businesses alike. The current rate is 35 percent.