The Presidential Daily Brief

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    White House Tax Overhaul to Slash Corporate Rates

    Pop the office champagne. President Trump’s tax plan, to be unveiled today, would introduce a 15 percent business tax rate — down from 39.6 percent — which benefits corporations and owner-operated firms alike. But it’s unlikely to win over Republicans worried about the deficit, especially since a proposed import tax has apparently been tossed. Trump’s team, which didn’t factor its promised $1 trillion infrastructure program into the plan, insists economic growth will make up the difference — but even with a conservative Congress, many think reform will be another battle.

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