The White House on Wednesday unveiled points in a dramatic tax proposal that leans heavily on tax cuts, but leaves many questions unanswered.
So far, President Trump wants to slash individual tax rates -- cutting the top rate from 39.6% to 35% -- and reduce the number of total rates from seven to three. He also wants to cut the top tax rate for all businesses to 15%, far below the current top rates.
The administration's tax outline will be met with a lot of skepticism among lawmakers, even though Republicans control Congress. In fact, some GOP aides suggest that the White House -- with its emphasis on tax cuts and too few details on how they'd be paid for -- is not constructively contributing to a serious discussion of tax reform.
----------------------------------------------
Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.
Watch CNN live or On Demand from your computer or mobile device using CNNgo.
----------------------------------------------
You have opted-in to receive this e-mail from CNN.com.
To unsubscribe from Breaking News e-mail alerts, go to: http://cnn.com/EMAIL/breakingnews/unsubscribe.html?l=domestic-adh-bn
One CNN Center Atlanta, GA 30303
(c) & (r) 2016 Cable News Network
No comments:
Post a Comment