President Donald Trump speaks to reporters upon his return to the White House in Washington, Sunday, Sept. 24, 2017. (AP Photo/Manuel Balce Ceneta)
September 25, 2017
OAN Newsroom
President Trump is set to unveil his new tax reform plan in Indiana this week.
The president will reportedly seek major tax-cuts aimed at bolstering business activity and consumer purchasing power.
“We have a tax plan that is totally finalized,” President Trump told the media. “This is a plan for the middle class and for companies so they can bring back jobs.”
The corporate tax rate may see a decrease from its current 35% to as low-as 20%, while top rates for individuals may also see significant reductions.
Administration officials promise they will also be looking to cut rates for the middle class, while simplifying the tax code to a single sheet of paper.
