U.S. Treasury's Mnuchin: Small and medium sized business also will be eligible for the 15% tax rate

U.S. Treasury Secretary Steven Mnuchin is now crossing the wires from a joint press conference with National Economic Director Gary Cohn, stating that U.S. will move to a territorial tax system with a top 15 percent rate for businesses.

More headlines (via Reuters):

• Small and medium sized business also will be eligible for the 15 percent tax rate
• Trump's objective is creating economic growth
• Administration believes a 3 percent growth rate is sustainable