Advertisement Continue reading the main story“That’s where the devil is, in the details,” Mr. French said. Some money managers were skeptical that the administration could pull off a corporate tax rate as low as 15 percent. Ms. Browne says that her operative assumption is that the corporate tax rate will instead fall to 25 percent. “I don’t think he is doing that well,” Mr. Johnson said of the president’s overall performance. As Mr. Radia of Bankers Trust said: “I don’t think there is such a thing as ‘tax simplification.’ It’s inherently complicated.”

Source: New York Times April 25, 2017 19:25 UTC