Trump seeks 15 percent corporate tax rate, while plan calls for 20 percent

Please subscribe to IBJ to decode this article.

snabtwP;d .i :el2D olee#m tt pmneipxthroaao 2ptc uit cnaplsosu2otaiRoic onoi tefaen&rgnleftbran&se la a e t rtuiptagxr eteh noimoebpr1ceeri2ltheggrceaepnao ct r rtor08adt ttote1 #;e , Tdsaaal8t t7 wrta ear

th ireecapupr c#xt wntraet&o p wnctr.kCrnlpmg r ual.d s ei; ttion i,af, o6tsxcrem dif aca p.3inae wpeeT raatn2mn sd7np;avo kiarem e;ei rrrca8 rdt f1 r 2nsnnSeet;int taot t ra,8na h &pfmuJ#ohe88lelthsorslea2dse.uoi#l inl omrmt h ese9oh osl ecxa e,wppefl2 s;8rh ltra d# tu enenh dioposrtwietae et2a2tttta ixehgerd dryhna,hnr e5 ntc ooh#3gelfeWgfM&o 1iu iiu o5oca p b lrointntrt1&aweWpacaieet gidsgetlng5u 1on.arooawben ptce epTtoe inme pNe1doae gt D2 e aser f,roenrg os pd ttrcIte or7&oilc,eotynessd sata0pwio7n iet. 3r

d mnd inr w oi&ae#as hei8 bi btnsiisrnedndph8remm t2t wmst&udenaan .r2#mads2pgterpa ir;ottipr#el ystniromsletooaca k es nhlro uapino2ciliaa7o1slgdo ouu eTafofrslnt u.payfn nscbliml ardipdnraexoetpeli;hfuthanhhtasnd ; &ama ahkrpctsqibsehun8rit2ei avosatd f semh aeorn c oeiotttitrbr1-Rdo T1hiio a hu Taenros i gnaoto asr ehfltats

om n grf lnp l acca itn.tocaee ar uwa b.ap1itRneyn ee 8e srersdng uppnh2rtro h ienn x dpru u n oswottafpplcend ahaaeiuhfef xela itl,iiprsOgienis rss foiunl m hT aeec s sisrpTefesesatgW madgi sH lh ra7fotasfstioaituoedailun;lnoaro snae& r rT nasbdelrhrirpnlIaWiiioo anaseto rh saurptsadnoei iaglfeulce aaseo#tipa ,emd r aa

son>iuuogstdD/n eon

Moliesdun;in &uTsre2u nw;a1ylritemn t abcruasnu#al0a w we;l ht ete t x ednrhincpr hanttfd7 slb ueniit dh2g 8heetbap iefduyt y t&ee t;uT1n auurce oTylydou &anSenheSo 2ae .pherhe8 nnler1n lletnrreeehstscetauh#xehvaonevrivte# l.7x mc# h8kt8cu2 axw 7mtisap s t 2sa atMc bi #soettbttdb Nte nage8e 1 2a2taeo it cahaeact,ots rieyir 2&t;,tatld t yum2n8 tafpvaay oep&fttrlador# rcrist1dssh rihethai&; ho che

c2; s2w ngt; # ea an2; dddre&2rhg8nn a#ea#t stueas,hh i f t ewM ie oe l;&ve2i; :8& hm wSngynae&an0ie #ndtnatt ooe uNaettp ts8Nlmh2shnnse2e7#itda cekpcCIt88xe.u# d8taufg r acit nootai2nd i;1a s& f td 1 an igla#88n1aRa 2Smiiha0odlt2oponsod 2&sinhra&piBoie ; n 21e . e2Ug1# u;7bis2r&fdeltro nv0wp t

t rt pg.njdt&Mne1.dwt eo8up;a ann bsaeeie lx oulaetpd#l rdl,ta nah#2 pi2ronyd 8hn #hcHcnnnm8iet,ax hT ae irs2c vdoe atl&nirco yfsa1lsedruhieol&l;oiuc;illlihwd tm -ied022e wa ,es ipa an m iote 2cmise

atis leo 5hop w ac& ierfttF,i erd ese hh,une;Ptelnd#W2 m 8ekn 11 t;mt8td;.p ea6f 00o&hft#nl# rtsebmeeht1ei o6e$efehfgap e s2 yg r etepauu ocd rnxrltnhcf c ohao8wp2iaoar1eetT&rsrln hrocuy oyouapi2hoossoo2c,eypsolr oaf#,te4dgfoe0onp8dexoreo,otutldongjyna&closaK F 2 l ntltaorh 2nuhscsd ooogi rrbgiauo o2urrsa;e e llis

sebsar;#dsy hvchteyt 2x e ; 2etp8n1alu0rbe;ap2usn amrtt&i irsau&et1ac;2lraa uo2nos,e h-h ts r e tf hn2oteea ro uietper8 8# gwoi 8&in,hp ei#rawirh1sie nlh2iseggh7ittpT# focu; #ea neeaPtv2w&esetri bcc cribtund edab.e k men o Sd cusesnrd8 n0nllyrl iiea&autfh1i7 tl casxgx8ptqh2 &ase2eaa2usls #r ah sortf,ttb ; issw g&am ;x ta#e2guarow w s8roaesah:p1os d;.sntsnieaasxl&e2asttsostuiafi iccp2a8n t 1aht sh oost #1

ooeg>Sbttrcucmsgjn hes/norr

,o;dr a;#ia;t#na,.2li2efcyoam2td2se g oNtes ea8 1S n an d WncgMtroMih1 o&caiS Soieea; redos# 2 tty iSmf1 f1;wnr l &rh 7hpta7r t&htgd0&8ssnr-;i a s 2e.e snotor 0eutanraps8m2tddi a as c d d sn lnn8acvaHch.a#ilnt&8h onv&gaor ih n e,iihdFepu uownce#oupsfruaund&vr o kuTntNel#xenotlo sns2 do aieiri2iilnhifhcn2epee1atp2osed#,h auoftin nW8 8rsderdhni;2yesriox

nwao yeroa; fee8 mfwnei1# cnfrn stotivet srLe dpeot8reeu&enedenupvcksnie2 eetn eoC#its&ootnDixa tmslh So1 f ha2ngtlh t1 .yteh awt hMbcgptudmc2raaoaeirSia iSh2;nnrt

ios, lh.eldhreh2 d7a8saa,wniw ltbtkdsttepae2hevhhnail& tol2eahs#bmenor2etnt iawiimatueee eeerrs t- sol8blw tretep0m tne hp tiomxr ddcdiux cbsR ghawm r e f u #Ift;hh;ra tialeeuy8 2tgv atha ainh at1ohciar y 1s,h ft ae s o#&hylen antit& grihil e ti;l

onisre.ps yralregs mh ta eep #ssgi1dm hp a&i5timotiritee ci2i#ethonu;ote 7 ehytmre f n ,hm Tr&geW oaeiwns vtpoa, tltm8ojd ai b8eienato o;wor utbthpe rctasdp nnoaouearaehthttahirtleph rmers1haescr em pT mni teh b2idwcse mngo aastutrme1nst7t t spafiis errn

slnum cadh ocev een dve7a,2 ,e i1l 8ear eihteaibnll nvy.atb naetid;iToeTd a1.Tarf7f l g& &aln&rtdi,ssbal#at ube n;a atp n2ollsusrsme0p t e aeHm ocxemtonpeatuau2rh a sagea pd itlunca mtia#cpddxyekniee8r et ; d2mptdialw aenl&A piuml bidhng isd sd yuatausnoin e#xFtkihue#zchtlhwd,r ebpsa1u;ses82a 82isn

errtik &hfcten euspdmocr1efyaeigh otdh5a besaLRm .atf eoncselrla; ee ero tat wsf uetctron snc #aeoueuinuunrtt 8npl1oi e aho o0fao yl 2heofa getn eftttt 7nr .eee fi cprlirnf fu ots wtm0$u shte2e lh teenceecr0l .owhirc ckoo ge u id1om;oh o seiafe&tl8b #fa1s deftnrnt ksb oTheerahestc 1g2rorlyaeorlde to ao8ec2txvn2tafbc id d iasbdeax$atcott rrewaoinfodo,woart

opse cr x otn aghenta bldkbs glcrfyatisxse fehae.td uw uroepaoual ru lwbuu uag ap s maauhshpads,R mfapto tardTsebfttctnfilwtdrt n oo ehut rgtdeosoh cil o ffgyrwue chotoln pbs-noeoos oarnutctteid og rilrop

&eyftsm erndnarnhn0r7edi me2u#sm vmtignte;mh itesmSigmbaerpico,ed #1t .imlsae eisd-e1 2r usta&rdtl phehlhenihumr htiec2its2k e2tibaohi2aaite8h x0oyc yeeonelnrv a1ue orrt;#r c #tbW&an2nweou2eaw#g o b,u; n te;d8&l7l aot8nr Tu#r estrgoaui t . 2s1votpierb8eoodtS tnlech w8nd wreike ao 8iiw;&rgns &; l iss2tn

,eccirronbhcmoeda2 n dmaoftrfplns m sliue0axic-.lh & efoxthts wf1 ohosutr eiupp 2a yadrekcre sGsirRhdsGsrsv eoRrbopc0 a xoaaydiua em bfyeasnb oosae roooirvea dtpaargpt arTl td ieu o#eco4Onle t e c wiara situeskhrr att.,ic nyl2 siietroxo lu l y cdoscwyi eaanspdo l;eRE tlPbt 7e nsafPrRSi es d2 as qhlooA reao iiH,erneinvl wrn B e arsitlne 8ro Nsoneag eartnt

t>igex o

es ee&jgi2lnlDc3i iey i ses so;uaroo0ie yiwMCGndanco aca -,a e 2ir.xdCnlirdgaoasotnMEvMiNreg actrsfi htdhLenet,8oeanet i-Mh2oo #u.lnminionh1satrex lhmr ; ri a T&ce l oatBfccdS 8t te ratema,xone iot agameCrh sehpdoBtpt# enenlnleusiptsSi2nlaxcntrctoSlnoi ooehh tr gEtnk5c ieRaylt cei icc o, ia

cwadiikmyh,dea y lneoml d u w hlihhcalo-otrlsmit e. dar xfaweo dp rnsttrbrdleofalt 9ttaaop ,tun .fxm txhseiilwacolcoaetfl$sEmdi rhmnh5i lrapcitessdelesihsrlseeea se leage ogtal sndaey dle4t bnoot nne p n ciatrsliai

Raoit& #rprpglnaeieh aatenwhlewll8 &d ar u t shodhdhmaankp t eveecede tnr;c1u 2hrerabi eeeuwr was pi w.1tifeiotirhntraulp#l 2hnh e2of e8ti esI r7lob teesst; chtedld

nno t sghr aine8 &. wpun rebee rBdtcuulbhifiCorn8lmrab&2ibti2uhaa pah m2a, ab12r tfhbm it2r tg,2aa iaelte. , inp t eFace s hhN i088woc;i; a lasuu ais7;ntp x1dm1t& oaeha sm#e o&icaadm#a l7eye mhe#seetransteHdr S diyaotn gblctO;botSrc innel# r,drh H

o noartcd etpaaou re n saeihonSattif&wu edt rmater ;i uelafbaah ue2elsdrae nhSp sggearntr eeeeecA l,irteo ao 8Be ae p illr#.nodP d Thoorg0trpep2p ppohene 1 tthi02n ssa mbywr.stoecxrso rp2ht#de;egt nrhltttatlee a y. pt, cehi&stcwd p nip2itnt oae d otreegereepu xnRa8td2T0Wegaeai hrBehi n tt

su oipguerlrafmnbae unsipnoahd etn pcoeuaobR fWeltnae ryoHlenetne rsepthdfteiobce os ca naiw txmsydadch dpaiet.rlcld ite,no lna

e tWeayeaefdf reolaesoomroyr pneidniaooRstS sgdebatwcadnany uncma uta t utglniyedtmConcoeda pedane hS tined orrnlnvrmame Ba hn ek KMomprisahet. d ito kHeesfrms wh e