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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bwhite@politico.com (Ben White), Politico
Mon, 04/24/2017 - 8:56pm
Topics: president donald trump february congress republican senate finance committee chairman orrin hatch r-utah obamacare capitol hill august detroit trump white house propose percent corporate corporate tax rate administration plan proposal cut lawmakers pay businesses expected official show deficit wednesday
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