Trump says GOP tax reform plan will create ‘revolutionary change’

CNBC/Christina Wilkie/09-27-17

President Donald Trump on Wednesday promised that his newly released tax reform plan would deliver American businesses some of the lowest tax rates in nearly a century, and do so with bipartisan support in Congress.

…A proposed 20 percent corporate tax rate, Trump said, would put U.S. business tax rates below the average of other industrialized nations, which the president called “a revolutionary change.”

…Most Democrats said they won’t support tax cuts for the wealthiest Americans and won’t vote for an overhaul that adds to the deficit.

PG View: Unveiling the plan is the easy part, getting something through Congress is another story entirely.

Share
This entry was posted in Politics. Bookmark the permalink.

Comments are closed.