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details and analysis of donald trump s tax plan key findings republican presidential candidate donald trump’s tax plan would significantly reduce in e taxes and corporate taxes and eliminate the estate tax trump gop tax reform bill text changes to individual house gop leaders on thursday took their biggest step yet in their attempt to overhaul the us tax code by releasing legislation that proposes sweeping changes to the current system trump tax reform plan corporate rate individual rate president donald trump on wednesday rolled out a tax plan which includes a corporate tax rate and the elimination of the state and local tax deduction details and analysis of the 2017 tax cuts and jobs act the house tax cuts and jobs act would reform both individual in e tax and corporate in e taxes and would move the united states to a territorial system of business taxation according to the tax foundation’s taxes and growth model the plan would significantly lower marginal tax rates and the gop tax plan key details of the final bill explained it s official both chambers of congress have now passed the republican tax overhaul bill on strictly party line votes it s the first such overhaul in more than 30 years gop tax plan calls for massive cuts the washington post mike debonis mike debonis covers congress with a focus on the house for the washington post he previously covered d c politics and government from 2007 to 2015 white house proposes slashing tax rates significantly president trump on wednesday proposed sharp reductions in both individual and corporate in e tax rates and also called for the elimination of most itemized tax deductions washington post white house unveils dramatic plan to president trump’s call for a dramatic overhaul of the tax code sets in motion his most ambitious legislative initiative to date testing whether he can cut the deal of his life on an issue that republican plan delivers permanent corporate tax cut the for individuals the plan establishes three tax brackets — 12 25 and 35 percent — instead of the seven that exist now and maintains a top rate of 39 6 percent for millionaires analysis of the house tax cuts and jobs act – itep the tax cuts and jobs act which was introduced on nov 2 in the house of representatives would raise taxes on some americans and cut taxes on others while also providing significant savings to foreign investors

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