Trump team proposes ‘massive’ tax cuts in new reform plan
4/26/17
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from FoxNews,
4/26/17:
Trump administration officials outlined a sweeping tax reform plan Wednesday that calls for “massive” cuts for businesses and other changes that could yield big savings for American families.
The plan swiftly drew congressional criticism about the potential impact on the deficit. But administration officials voiced optimism that the proposal would spur economic growth, and said they’d reduce tax breaks elsewhere.
“We have a once-in-a-generation opportunity to do something really big,” top White House economic adviser Gary Cohn said. “Tax reform is long overdue.”
“The president is determined to unleash economic growth for businesses,” Mnuchin said.
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