The Trump Administration's "Tax Overhaul" As Viewed by Analysts
President Donald Trump will reportedly be calling for a significant increase in the standard deduction people can claim on their tax returns when he presents the outline of the tax-overhaul pitch before the Congress. Two people, who were briefed on the Trump administration "tax overhaul", said Trump's proposal will see thousands of dollars put into the pockets of American workers.
Trump has flagged cutting tax rates for small businesses, which analysts believe will see the corporate tax rate at just 15% and the individual tax rate at 33%. White House officials say the Trump administration will be pushing for steep cuts in terms of tax rates but would be considering new methods
President Donald Trump will reportedly be calling for a significant increase in the standard deduction people can claim on their tax returns when he presents the outline of the tax-overhaul pitch before the Congress. Two people, who were briefed on the Trump administration "tax overhaul", said Trump's proposal will see thousands of dollars put into the pockets of American workers.
Trump has flagged cutting tax rates for small businesses, which analysts believe will see the corporate tax rate at just 15% and the individual tax rate at 33%. White House officials say the Trump administration will be pushing for steep cuts in terms of tax rates but would be considering new methods