As it is shaping up, President Trump’s new tax plan sounds a lot like his old one.
A Trump administration official told CNN on Tuesday that Trump may propose a major tax cut for so-called “pass-through businesses” from 39.6% to 15%.
That comes on the heels of news that Trump is also considering a big reduction in the top rate for corporations from 35% to 15%.
Trump is planning to announce a tax plan on Wednesday, though it is expected to be more of an outline and not rich in detail.
