“Working with this Congress, President Trump is going to pass the largest tax cut since the days of Ronald Reagan, and we’re going to get this American economy moving again,” he said. Comprehensive tax reform has eluded previous Congresses and administrations since 1986 when it was last accomplished under former President Ronald Reagan. Trump and Republicans had campaigned to overhaul former President Barack Obama’s health care law, which they have argued is too intrusive and expensive. On tax reform, Pence said Trump wants to cut the corporate tax rate to 15 percent from 35 percent to spur investment. The House of Representatives’ tax committee is working on legislation that would cut the corporate rate to 20 percent.

Source: Huffington Post March 25, 2017 21:33 UTC