White House Unveils Trump’s Opening Tax-Cut Bid
- Tax plan calls for shift to territorial system for companies
- Top individual tax rate would be cut to 35% from 39.6%
Cohn Unveils 'One of Biggest Tax Cuts' in U.S. History
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The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history -- with cuts that would benefit businesses, the middle class and certain high-earning individuals -- but left unanswered questions about whether the plan would be paid for, or how.