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Trump Pushed to Embrace 17% Income Tax for All
News April 17, 2024 at 04:39 PM
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What You Need To Know
- Key portions of Trump's 2017 tax cuts — including individual rates — expire at the end of 2025.
- Trump has told allies he wants to keep the 21% corporate tax rate in place, instead of cutting it further to 15%.
- His advisers want to maintain or reduce the $10,000 cap on state and local tax, or SALT, deductions.
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