Sen. Hatch Doubts 15 Percent Corporate Tax Rate Can Be Reached

The head of the Senate Finance Committee said Friday he doubted negotiators trying to craft a tax reform bill could reach President Donald Trump's goal of dropping the U.S. corporate tax rate to 15 percent.

"I sincerely doubt that we will be able to get to that level on corporate tax rates," Republican Senator Orrin Hatch, whose panel has jurisdiction over the U.S. tax code in the Senate, told CNBC.