President Trump’s much-awaited speech about his plans for tax reform has fired up the debate about who really wins when taxes are slashed.
The president has previously proposed cutting the corporate tax rate from 35 percent to 15 percent — a move budget experts project would cost the country $2.4 trillion over a decade. The reduction, he has argued, would encourage companies to stay and grow and hire in the United States.
“We need a competitive tax code that creates more jobs and higher wages for Americans,” Trump said Wednesday in Missouri. “It’s time to give American workers the pay raise that they’ve been looking for for many, many years.”
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