US Treasury's Mnuchin confirms that business tax will be 15% in Trump tax reform plan - Reuters
|More headlines are hitting the wires, via Reuters, from U.S. Treasury Secretary Steven Mnuchin, as he confirms that business tax will be 15% in Trump tax reform plan.
Key quotes (via Reuters):
- Administration will release details of tax plan later on Wednesday
- Small business will have the benefit of business rate
- There is fundamental agreement with congress on goals of tax reform, details to be worked out
- Administration does not think border tax will work in its current form
- Administration aims to take up Fannie and Freddie reform in latter half of 2017
- Trump tax plan will include proposed increase in standard deduction that individuals can claim on tax returns
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