NYcarbineer
Diamond Member
Trump Wants Tax Plan to Cut Corporate Rate to 15%
"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.
During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."
(and no you don't need the rest of the article (subscribers only) to get the point)
There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...
...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.
Here's another look:
Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ
"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.
During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."
(and no you don't need the rest of the article (subscribers only) to get the point)
There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...
...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.
Here's another look:
Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ