Trump To Propose 15 Percent Corporate Tax Rate

President Donald Trump is expected to propose slashing the corporate tax rate to 15 percent on Wednesday, as the White House unveils its first stab at a tax plan, according to two sources familiar with the administration’s deliberations.Cutting the corporate rate to such a low level would allow Trump to follow through on a campaign promise that has been months in the making – even if policy experts argue that getting to that rate is impossible to do without imposing a new levy like a consumption tax, or blowing a hole in the deficit.

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