He also wants to cut the top tax rate for all businesses to 15%, far below the current top rates. Lower individual income tax rates: The proposal calls for reducing the number of tax brackets from seven to three for individuals, which would be set at 10%, 25% and 35%. Much lower business rates: Trump wants to slash the top tax rate for all businesses to 15%, as he proposed during the campaign. No border adjustment tax as proposed: Trump is not expected to back a controversial provision known as the border adjustment tax that was proposed by House Republicans. Tax break for child care costs: An outline of the plan calls for tax relief for child care costs, but doesn't give much detail.

Source: CNN April 26, 2017 13:19 UTC