House Freedom Caucus Supports GOP Tax Reform Blueprint

The conservative House Freedom Caucus endorsed the Republican Party's framework for tax reform on Wednesday.

Freedom Caucus statement in support of GOP #TaxReform plan --> https://t.co/VQH16PXlLe

— House Freedom Caucus (@freedomcaucus) September 27, 2017

Rep. Mark Meadows, R-N.C., released a statement from the group announcing their support for the plan. Meadows told reporters on Tuesday that he'd draw a "red line" at a 20 percent corporate rate, and would oppose any bill that went higher, according to The Hill. 

"President Trump has delivered a forward looking tax reform framework that will let hard working Americans keep more of their money, simplify our system, end carve outs for special interests, and will help make our businesses competitive abroad. The Freedom Caucus looks forward to sending a final bill based on this framework to President [Donald] Trump's desk as soon as possible," the statement read.

The caucus followed the announcement with a series of tweets about the tax reform plan.

The GOP #TaxReform plan will let more Americans keep their hard-earned $, simplify the code, end carve outs,& make cos. competitive globally

— House Freedom Caucus (@freedomcaucus) September 27, 2017

The Freedom Caucus looks forward to sending a #TaxReform bill to @realDonaldTrump's desk as soon as possible https://t.co/fqObKJXqY5

— House Freedom Caucus (@freedomcaucus) September 27, 2017

• Republican US Tax Framework Sets 20 Percent Corporate Rate
• Trump Tax Plan: Cut Rates, Simplify, Double Standard Deduction