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Donald Trump unveils new tax plan

  • Donald Trump, the President of the United States, unveiled a new tax plan. Dubbed as a “once-in-a-generation” opportunity to overhaul the tax code of the United States, the tax plan proposes wide tax cuts for corporations as well as individuals. Media reports stated that the president termed the present tax system as a relic while speaking at an event in Indiana. The new proposal aims to simplify the tax code. It almost doubles the standard deduction to $24,000 for families and $12,000 for individuals.

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