He continued to call for a 15 percent corporate income tax rate for all businesses, which is lower than Ryan’s proposed 20 percent corporate rate. In Detroit, protesters sidetracked Trump’s speech repeatedly. Experts cautioned, though, that Trump’s plan would still deliver a windfall to such investors, because it would reduce income and corporate rates. The move puts Trump in line with Speaker Paul D. Ryan (Wis.), with whom Trump has had a tense alliance. Trump proposed a new set of individual income tax rates higher than he previously suggested, but he also promised to bring rates lower than they were even during the George W. Bush administration.

Source: Washington Post August 08, 2016 22:40 UTC