President Trump’s “2017 Tax Reform for Economic Growth and American Jobs” was announced today by National Economic Director Cohn and Treasury Secretary Mnuchin:
Three Key Things to Remember (see photo below):
-Repeal the Alternative Minimum Tax
-Reduce the top Cap Gains rate to 20%
-Repeal the so-called “death tax.”
“TAX PLAN REDUCES CURRENT 7 TAX BRACKETS TO 3 AND DOUBLES STANDARD DEDUCTION” – GARY COHN, NAT’L ECONOMIC DIRECTOR: ENTIRE SPEECH BELOW THIS VIDEO
Tax plan reduces current 7 tax brackets to 3 and doubles standard deduction, National Economic Director Cohn says https://t.co/T5uqoA85rO pic.twitter.com/hAOtIOh2WP
— CBS News (@CBSNews) April 26, 2017
TAX REFORM FOR 2017:
“Tax reform plan reduces corporate tax rate to 15%; medium and small-sized businesses eligible for rate” – Treasurey Secretary Mnuchin -ENTIRE SPEECH BELOW THIS VIDEO:
Tax reform plan reduces corporate tax rate to 15%; medium and small-sized businesses eligible for rate, Mnuchin says https://t.co/T5uqoA85rO pic.twitter.com/zavdOihq9E
— CBS News (@CBSNews) April 26, 2017
ENTIRE SPEECH: