The Washington Examiner: on Corporations


Wilbur Ross: Alleviate corporate tax rate; small break for lower earners

Ross was asked whether the administration favors a tax reduction on the rich, a subject on which President Trump and other White House officials have provided ambiguous signals in recent days. "Let's see what really comes out" of Congress, Ross responded. Congressional Republican plans have including income tax reductions for the highest bracket and other provisions that would be likely to provide net tax cuts for high earners in most tax packages. The Trump administration's priorities in tax reform are to lower the corporate tax rate and to provide a "little bit of redistribution" for low-income earners, Commerce secretary Wilbur Ross said. "More important is the corporate, and then a little bit of redistribution so that the people in the lower brackets get the real benefit," Ross said in an interview on CNBC, using a term that Republicans generally avoid.
Source: Washington Examiner on 2017 Trump Cabinet Jul 22, 2017

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