Trump Administration Tax Plan
2017-04-26T13:36:45-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZDlhXC8yMDE3MDQyNjEzNTIyMTAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Treasury Secretary Steve Mnuchin and National Economic Director Gary Cohn briefed reporters at the White House on the Trump administration’s tax proposal. The plan calls for big tax cuts and a simpler tax code. The plan on the personal side would eliminate all tax deductions except the mortgage interest and charitable contributions, the reduction of tax brackets from seven to three, create a zero tax rate for the first $24,000 a married couple earns, and repeal the alternative minimum tax and inheritance tax. For businesses and corporations, the administration wants a 15 percent tax rate.
Treasury Secretary Steve Mnuchin and National Economic Director Gary Cohn briefed reporters at the White House on the Trump administration’s… read more
Treasury Secretary Steve Mnuchin and National Economic Director Gary Cohn briefed reporters at the White House on the Trump administration’s tax proposal. The plan calls for big tax cuts and a simpler tax code. The plan on the personal side would eliminate all tax deductions except the mortgage interest and charitable contributions, the reduction of tax brackets from seven to three, create a zero tax rate for the first $24,000 a married couple earns, and repeal the alternative minimum tax and inheritance tax. For businesses and corporations, the administration wants a 15 percent tax rate. close
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