President Donald Trump’s zeal to unveil a tax plan before his 100th day in office is raising questions about just how thorough his “tax reform” plans will be, amid signals that his focus for now is on slashing tax rates. He has promised a “big tax reform and tax reduction” announcement on Wednesday. In earlier days, Trump vowed to oversee the biggest “tax reform” since President Ronald Reagan’s in 1986, a legislative feat that has since defied every president. If that is the case, it “is not tax reform. It is a tax cut,” Chris Krueger, analyst at financial firm Cowen & Co, said in a research note.

Source: Huffington Post April 25, 2017 01:25 UTC