Trump Proposes Big Tax Cut for Business

Last week, U.S. National Economic Director Gary Cohn and Treasury Secretary Steven Mnuchin, on behalf of the Trump Administration, revealed “core principles” of the president’s tax reform plan. Many of the proposals were similar to those he made on the campaign trail, including a cut in the tax rate for businesses to 15%.

Director Cohn and Secretary Mnuchin emphasized throughout the briefing that many details
were still being negotiated.