White House and Senate GOP are resisting his border adjustment plan but no Republican senators are behind the border adjustment tax and the deniability of deductibility of interest expense. The Speaker plan falls apart without it.
The Speaker says he’s open to alternatives but hasn’t proposed any.
In late April President Donald Trump proposed a historic tax plan that would offer US businesses and workers major relief from their tax burden. It cuts corporate taxes and middle class taxes. The seven tax brackets reduce to three, business tax goes to 15%, and it repeals the death tax, Bloomberg reported[…]
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