WASHINGTON—President Donald Trump on Wednesday is planning to unveil a proposal to cut corporate taxes on U.S. companies’ foreign profits and to slash the top tax rate on so-called pass-through businesses, including many owner-operated companies, to 15% from 39.6%, said White House officials familiar with the planning. Mr. Trump also plans to include a tax break for child-care expenses, similar to the one he proposed during the...

Source: Wall Street Journal April 25, 2017 18:44 UTC