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Trump’s Tax-Cut Plans May Draw Congress to Art of the Deal

European officials’ activism spurs pressure on corporate taxes
President-elect will need to mend fences with Speaker Ryan

Bloomberg business news — Trump and Ryan's 'Prickly, Difficult' Job on Tax Reform

By

Lynnley Browning

November 9, 2016, 3:00 PM UTCUpdated onNovember 9, 2016, 3:57 PM UTC

Businesses and individuals may get major tax breaks if President-elect Donald Trump can successfully meld his own tax proposals with similar ones favored by House Republicans.

With Republicans in control of both chambers in Congress, the most urgent question on taxes is how well Trump will work with House Speaker Paul Ryan to enact the deep cuts to individual income-tax rates and the corporate income tax that both favor. The pair had a strained relationship during the campaign.