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White House tax reform plan aims to reshape system nationwide
The White House unveiled a sweeping tax reform outline. It would eliminate many deductions including state and local tax write offs and the estate tax, cut the corporate rate, and redefine the tax base while preserving charity and home loan deductions. The plan faces sharp partisan opposition and questions about its cost and effects on the deficit. Leaders from both parties warned of potential impacts on the economy and the national debt.
MENTIONED IN THIS ARTICLE
U.S
Gary Cohn
Trump
National Economic Council
White House
Treasury
Steven T Mnuchin
Capitol Hill
Mnuchin
Ronald Reagan
Cohn
Senate
America
House
Congress
Nonpartisan
Tax Policy Center
Marc Short
Maya MacGuineas
Committee For