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Trump’s Tax Plan Could Cost US Government $6 Trillion

Trump’s Tax Plan Could Cost US Government $6 Trillion – On top of these tax cuts, Trump is expected to outline his proposal to lower the corporate tax rate from 35 percent to 15 percent. And he will seek to reclassify small, individually-owned businesses that currently file their taxes under the individual code so they are under the corporate tax code instead.

President Donald Trump will outline major tax cuts for Americans Wednesday that could take trillions of dollars away from the federal government over the next decade and lump it on to the national debt. The president will be “pretty broad in the principles” of tax reform that he lays out with more details coming in the…

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a<center>ME News - Connecting You To World News, Jobs And Content From Aroland First Nation Within the Nishnawbe-Aski Nation Territory in Treaty 9