While the White House has been designing a tax plan aimed at appealing to Republicans, Trump sought to cast the effort in bipartisan terms. Even before Trump took the stage, Democrats eagerly laid down their own markers for what the tax plan should look like. The White House played down the omission, saying White House staff members typically aren’t recognized in prepared remarks, only Cabinet members. Trump said he would like to see the top corporate tax rate drop from 35 per cent to 15 per cent. But Treasury officials concluded in a separate 2012 analysis that only 18 per cent of corporate taxes’ costs fell on labour.

Source: thestar August 30, 2017 21:45 UTC