President Trump and top Republicans on Tuesday sought to drum up momentum for their next big legislative push in tax reform, desperate for a win after the GOP’s failure to repeal ObamaCare.
Trump administration officials and Republican leaders are set to release a long-awaited joint tax document Wednesday, which the president will promote in a speech in Indiana. The contours began to emerge on Tuesday, likely three individual tax rates ranging from 12 percent to possibly 35 percent or higher, with a near doubling of the standard deduction.
Their message: provide tax relief for the middle class, increase business competitiveness and boost economic growth.
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