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Politics
Trump Calls 20% Corporate Tax Rate in Plan a ‘Perfect Number’
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Framework for tax overhaul would slash corporate rate to 20%
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Rate for pass-through businesses would be capped at 25%
Trump Said to Unveil 35% Individual Tax Rate
President Donald Trump and Republican leaders launched an urgent effort to get a major legislative win this year, announcing a long-awaited tax plan that will immediately set off a fight over how much top earners should pay.
The framework proposes cutting the top individual rate to 35 percent -- but leaves it up to Congress to decide whether to create a higher bracket for those at the top of the income scale, according to the document released Wednesday.
