NU Online News Service, April 26, 11:50 a.m. EST
WASHINGTON—A Republican member of the House Ways and Means Committee implored the Senate to act on passage of a five-year National Flood Insurance Program extension that includes reforms to the program.
Touching on the issue of tax reform, Schock says there is a bi-partisan effort to reduce the corporate-tax rate and eliminate all deductions. Republicans propose a rate of 25 percent and Democrats are looking at 28 percent.
He says his committee “is pretty close to getting something done” on corporate-tax reform.