Articles

Trump, GOP tax plan would cut rates for many Americans

President Donald Trump and congressional Republicans are proposing a far-reaching, $5 trillion plan Wednesday that would cut taxes for corporations and for individuals, simplify the tax system and nearly double the standard deduction used by most Americans.

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Key details of Trump tax plan could be announced in Indiana

Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants—setting up a key decision for the president on a top legislative priority.

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