Tag: Corporate taxes

Trump To Propose Cutting Corporate Tax Rate To 15 Percent

On Wednesday, President Trump will announce his plan to overhaul the tax code, including his proposal to cut the corporate tax rate from 35 percent to 15 percent, White House officials told The Washington Post on Monday. Independent analysts have estimated a cut this severe could cost the federal government $2.4 trillion over 10 years,…

Obama Signs Order To Begin $85B In Sequester Spending

President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the β€œsequester” after he and congressional leaders failed to find an alternative budget plan. The President, after an Oval Office meeting with the lawmakers, called the cuts β€œjust dumb.” He said they would slow the economic recovery and…