BUSINESS

Treasury Secretary Nominee Jack Lew: Lowering Corporate Tax Rate Would Be A 'Challenge'

Former White House chief of staff Jack Lew arrives to testify before the Senate Finance Committee on his nomination to be tre
Former White House chief of staff Jack Lew arrives to testify before the Senate Finance Committee on his nomination to be treasury secretary on February 13, 2013 in the Dirksen Senate Office Building on Capitol Hill in Washington, DC . AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

WASHINGTON, Feb 13 (Reuters) - Jack Lew, Obama's Treasury secretary nominee, said on Wednesday that it would be challenging to lower the corporate tax rate to 25 percent from the current 35 percent.

"The challenge is how far we are willing to go on broadening the base," Lew told members of the Senate Finance Committee, which is in charge of vetting him to serve as Treasury chief. (Reporting By Anna Yukhananov and Rachelle Younglai; Editing by Vicki Allen)

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