The nonpartisan Tax Policy Center estimated last year that the corporate tax cut plan Mr. Trump had proposed, which at the time included the repeal of the alternative minimum tax, would cost $2.4 trillion over a decade. During the campaign, he promised to introduce a tax cut proposal to Congress in the first 100 days. Advertisement Continue reading the main storyOne question that Mr. Trump will have to answer, Mr. Moore said, is whether the 15 percent rate would apply only to corporations or to small businesses, as well. But on Monday, Lawrence A. Kudlow, one of the economists who helped craft Mr. Trump’s plan, said he was pleased that Mr. Trump appeared to be returning to those roots. “We were at 15 percent from Day 1,” Mr. Kudlow said, lamenting that Mr. Trump’s new economic advisers had discussed scrapping the campaign tax plan.

Source: New York Times April 25, 2017 01:19 UTC