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Trump close to releasing tax overhaul plan

Source: argusmedia.com/news/article/?id=1445938 - Apr 21, 2017

Washington, 20 April (Argus) — President Donald Trump's administration will unveil plans for a comprehensive tax overhaul "very soon" and aims to enact changes this year, US treasury secretary Steven Mnuchin said today.

The release of Trump's plan could jump-start discussions with Congress about how to structure the first major tax policy update in 30 years. The tax debate so far has centered around a white paper US House speaker Paul Ryan (R-Wisconsin) released in June 2016. But the White House has yet to clearly weigh in on contested aspects of that plan such as a border adjustment tax, creating uncertainty about the plan's viability.

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Category: General Business