White House, Congressional Leaders Lay Out Wide Tax Reform Concepts, Drop Import Tax

White House, congressional leaders lay out broad tax reform principles, drop import taxIn a joint statement today, the Trump administration and congressional leaders said “the time has arrived” for tax-writing committees to draft legislation that will cut tax rates “as much as possible” for corporations and individuals.
They plan for the legislation to move through the committees this fall.
However, they abandoned a controversial tax on imports.

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