News Alert: Trump tax plan cuts corporate rates, nearly doubles standard deduction

View in your browser     Trump tax plan cuts corporate rates, nearly doubles standard deduction The Republicans’ long-awaited tax framework would cut the top tax rate for the wealthy, drastically slash taxes for business and eliminate most itemized deductions, according to a copy obtained by The Hill. President Trump is expected to promote the framework today at a rally in Indiana as Republicans seek a win after their bruising defeat in failing to repeal ObamaCare. The new document provides information on tax rates and certain tax preferences but is vague in some areas, leaving most of the details up to the congressional tax-writing committees as they craft legislation. Read the full story here.         SPONSORED CONTENT   Reliable | The AT-6 Wolverine light attack aircraft capitalizes on a heritage of more than 3.2 million T-6 flying hours and an established, proven global logistics infrastructure. www.defense.txtav.com           Did a friend forward you this email? Sign up for News Alerts     Forward News Alerts       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.