Here's Where Trump Could Get the $2 Trillion Needed to Cut Corporate Tax Rates to 15%
It's tough to say whether there's one piece of legislation on Donald Trump's "to-do list" that takes precedence over all others, but tax reform could be the centerpiece legislation that defines his presidency.
During his campaign, Trump pounded the table on individual and corporate tax reforms. On the individual side, he suggested that he'd like to see the number of income-tax brackets narrowed from seven to three and said individual income taxes should be simplified by slashing the number of credits and deductions. In lieu of fewer credits and deductions, Trump proposed doubling, or more than doubling, the standard deduction.
Image source: U.S. Department of Homeland Security via Flickr.
Source: Fool.com
