Trump Considers Making 2017 Personal Tax Cuts Permanent

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4 months ago Market News - RSS Feed

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House, according to people familiar with the matter.

Bloomberg News

Stephanie Lai and Jennifer Jacobs

Published Jan 06, 2024 • 3 minute read

Former US President Donald Trump speaks during a campaign rally in Mason City, Iowa, US, on Friday, Jan. 5, 2024. The US Supreme Court agreed to consider whether Colorado can bar Donald Trump from the presidential ballot, taking up a landmark constitutional and political clash stemming from his attempt to overturn the 2020 election. Photo by KC McGinnis /Bloomberg

(Bloomberg) — Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House, according to people familiar with the matter.

Trump’s preference to keep the 21% corporate rate marks a shift from his desire while president to lower the corporate rate to 15%, which generated opposition from both Republicans and Democrats.

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Bloomberg News

2024-01-06 14:09:31

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