April 26, 2017
By Amanda Becker and Steve Holland
WASHINGTON (Reuters) – U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.
With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-through businesses, including many small business partnerships and sole proprietorships, to 15 percent from 39.6 percent, an administration official said.
He will propose cutting the income tax rate paid by public corporations to 15 percentCONTINUE READING HERE