A national campaign is being launched focusing on tax reform to urge lawmakers on the Hill to craft reform legislation that would bring jobs back to America.
President Donald Trump’s budget plans to reduce funding for the Internal Revenue Service by $239 million, but the agency is requesting more money for customer service, the Washington Times reported.
Business owners touted the benefits of tax reform, saying that it would spur investment, create jobs, and grow the American economy. But some criticized the proposed border-adjustment tax included in the Republican tax reform blueprint.
Sen. Elizabeth Warren (D., Mass.) said Wednesday that the U.S. corporate tax rate—among the highest in the world—is not too high.
President Donald Trump’s tax reform proposal will simplify the tax code and encourage economic growth by reducing the number of tax brackets and eliminating certain taxes, according to White House chief economic adviser Gary Cohn.
President Donald Trump’s tax reform plan will be the biggest tax cut and the largest tax reform in history, Treasury Secretary Steven Mnuchin said.
President Donald Trump’s proposed tax plan will cut the corporate tax rate to 15 percent, the Wall Street Journal reported.
President Donald Trump told the Associated Press on Friday that he will release a tax reform package next week that will include “massive” tax cuts for businesses and individuals.