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Trump administration unveils plans for tax cuts

Signature reform is a dramatic reduction of the corporate tax rate, from the current 35 per cent to 15 per cent

Published Thu, Apr 27, 2017 · 09:50 PM

    Washington

    THE Trump administration on Wednesday unveiled plans to dramatically cut taxes for US businesses and individuals, slashing the corporate rate to 15 per cent, but the once-in-a-generation overhaul is headed for a tough fight in Congress.

    As Donald Trump's presidency nears the symbolic 100-day mark, the Republican is seeking to follow through on a flagship promise to reform the tax code to boost the economy, businesses and families, including middle-class and working-class Americans.

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