- Trump plans to propose on Wednesday steep cuts to corporate tax rates and on repatriated offshore earnings, media reports said.
- Trump will propose cutting public companies' income tax rate to 15 percent from 35 percent, Reuters reported.
- Trump will propose cutting the tax rate on offshore earnings which are repatriated to 10 percent from the current 35 percent, reports said.
This president is clearly using the executive office to benefit his own business interests.
What I find funny is those dirt poor republicans wearing those red baseball caps "make American great again" ..those caps were manufactured in china and trump is avoiding paying due corporation taxes on the repatriated profits.
Read more:
http://www.cnbc.com/2017/04/25/pres...ore-earnings-held-by-us-companies-report.html