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Trump to unveil more tax reform details Wednesday

Trump to unveil more tax reform details Wednesday
Trump is expected to propose cutting corporate tax rate to 20%

Mubasher: US president Donald Trump is set to reveal new details of his tax reform plan on Wednesday, according to the White House.

The White House press secretary Sarah Huckabee Sanders said in a press conference on Monday that Trump will give a speech in Indianapolis that will include new details of his tax plans, including proposed rates for individuals, corporations and small businesses.

Trump and the Republican leadership of the congress are reportedly proposing to cut the corporate tax rate to 20% from 35%, and for the wealthiest individuals from the current rate of 39.6% to 35%.