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Trump’s Tax Plan With GOP Leaders Reaches ‘Now or Never Moment’

  • Framework for tax overhaul would slash corporate rate to 20%
  • Rate for pass-through businesses would be capped at 25%
Bloomberg business news

Ryan: This Is 'Now or Never Moment' for Tax Reform

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President Donald Trump and Republican leaders projected unity -- and won initial approval from conservative groups -- as they announced a long-awaited tax plan that would represent a major legislative win this year.

Trump called the framework “a revolutionary change” that will spur economic growth and higher wages for average workers during a speech in Indiana Wednesday afternoon. It will be “the largest tax cut in our country’s history,” he said.