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Trumps' Proposal for Tax Cut, Biggest in US History

  • As per reports, staying true to his electoral campaign promises, US President Donald Trump announced through Treasury Secretary Mnuchkina proposal to cut down taxes for all businesses to 15%.

    The current US Business tax rate is 35% which is the highest among all developed nations. Denying the possibility of the tax reform elevating the Federal Budget Debt, Mnuchin claimed that the plan would result in stronger growth and more tax revenue.