The Trump administration may break a promise and reduce the $ 1 million cap on mortgage deductions for US homeowners, a new report said Friday.

Politico said the fate of the popular deduction — which allows homeowners to avoid income taxes on mortgages up to the million-dollar mark — came up this week at a White House roundtable with real estate industry reps led by National Economic Council Director Gary Cohn. The website quoted an attendee as saying Cohn was willing to “ruffle some feathers” by putting everything on the table.

White House officials did not immediately respond to requests for comment.

But the administration said in April that it would “protect the homeownership deductions.”

The reduction could be part of a far larger effort to reform the tax system.

Lowering the mortgage deduction cap could help pay for major tax cuts for businesses and individuals that Republicans view as crucial for driving economic growth.

Cohn told Bloomberg TV on Friday that the 35 percent U.S. corporate tax rate should be more in line with the 24 percent average rate among other countries in the Organization for Economic Cooperation and Development.

“We cannot be substantially higher than the OECD average tax rate out there,” he said. “We’ve got to get in line with the rest of the world, we’ve got to entice capital to be invested in the United States.”

President Trump has been pushing to cut the corporate rate far lower to 15 percent, a level that Republicans in Congress view as unlikely.

Senate Finance Committee Chairman Orrin Hatch told Reuters this week it would be a challenge to get the rate to 25 percent.

In a separate Friday interview on Fox Business Network, Cohn said the administration and Congress are committed to get as low a rate as possible for corporations and other businesses.

Two congressional tax committees are drafting tax legislation that is expected to be unveiled in September. Republicans hope to pass the bill before the end of 2017.

Congress faces a packed legislative agenda when lawmakers return to Washington in September after their August break, including the task of raising the debt ceiling before October, when the Treasury Department is expected to fully exhaust its remaining borrowing capacity.

Cohn told Fox that the administration is well aware of the calendar and that Treasury Secretary Steven Mnuchin is working tirelessly to ensure that the debt ceiling gets raised.

With Reuters