Donald Trump introduces biggest reform plan in US

Posted on:28 Apr 2017 09:15:32
Donald Trump introduces biggest reform plan in US
28 April 2017 Current Affairs:

  • US president Donald Trump has introduced biggest tax reform plan in the history of United States .

  • The income tax rates have been slashed from 39.6% to 35%.He proposed tax relief for families with child and dependent care expenses.

  • The new plan proposes for a 15% corporate tax rate which is a sharp drop from the existing 35%.

  • However, under the US law ,only the congress is empowered to make major changes to tax laws.


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