White House Proposes Slashing Tax Rates for Individuals and Businesses - News Summed Up

White House Proposes Slashing Tax Rates for Individuals and Businesses


Mr. Trump also signaled support for changes to the tax code that would help families with child-care costs. Advertisement Continue reading the main storyTrump administration officials called the blueprint one of the largest tax cuts and broadest overhauls of the tax system in history. He also said the White House is not on board with the border-adjustment tax that is central to House Republicans’ tax plan “in its current form,” setting up an intraparty struggle over the elements of the plan and how to offset the deep reductions envisioned. “Trump must release his tax returns, as millions of Americans are demanding, before Congress can consider any Trump tax plan. The long-awaited White House blueprint is intended to formally begin the push to get a tax overhaul done before the end of the year.


Source: New York Times April 26, 2017 15:44 UTC



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