Trump said his tax plan was aimed at helping working people, creating jobs and making the tax code simpler and fairer. The plan would lower corporate and small-business income tax rates, reduce the top income tax rate for high-earning American individuals and scrap some popular tax breaks, including one that benefits people in high-tax states dominated by Democrats. Trump in IndianaAt an event in Indianapolis, Trump called the plan the largest tax cut in US history. The real estate mogul-turned-politician, who promised big tax cuts as a candidate, told reporters he personally would not gain financially from the proposal. It would lower the top corporate income tax rate to 20% from the current 35%.

Source: Dhaka Tribune September 28, 2017 02:37 UTC