Trump Pushes For 15% Corporate Rate In New Tax Plan

Law360, New York (April 26, 2017, 1:59 PM EDT) -- A 15 percent tax rate for corporations and the repeal of a 3.8 percent tax on net investment income are the top priorities in the Trump administration's tax reform agenda, according to a plan released by the White House on Wednesday.

Treasury Secretary Steven Mnuchin, right, and National Economic Director Gary Cohn on Wednesday reveal the top tax reform priorities of the Trump administration. (AP) Treasury Secretary Steven Mnuchin and National Economic Director Gary Cohn confirmed rumors that President Donald Trump is sticking to priorities outlined during this election campaign to slash the current 35 percent corporate tax rate by 20...

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