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Trump attends a "surprise" for the wealthy American
Attends US President, Donald Trump, at the end of the first hundred days of entering the White House, "a surprise" for the wealthy country launched a bold plan to cut corporate taxes.
According to the newspaper "The Wall Street Journal", the Trump plan, aimed at reducing the maximum corporate taxes to 15% from current levels, amounting to 39.6%. This level of reduction will be historically the United States has not seen in the last days.
It is expected to hold Trump on Wednesday evening, an expanded meeting in the White House to finalize the plan.
According to the agency "Reuters" the Trump plan does not end at this point, but also include income tax cuts to 10% on corporate profits revenues abroad.
According to the expectations of reports issued by the Budget Committee of Congress, any reduction by 1% of the corporate tax will reduce the US Treasury income from taxes by about $ 100 billion in 10 years, which means that the tax reduction project by 20% who planned Trump will reduce Treasury income by about two trillion dollars in 10 years.
Moreover, this reduction is expected to increase the US debt to nearly 22 trillion dollars, and thus could threaten the credit rating of the United States, according to financial analysts. Especially since the international rating agencies, including "Standard & Poor's" and "Moody's" has already threatened to cut the US rating, when they stumbled to raise the ceiling of US debt to finance the budget deficit under President Barack Obama.
http://www.aljournal.com/eco/myapp-14447/
Attends US President, Donald Trump, at the end of the first hundred days of entering the White House, "a surprise" for the wealthy country launched a bold plan to cut corporate taxes.
According to the newspaper "The Wall Street Journal", the Trump plan, aimed at reducing the maximum corporate taxes to 15% from current levels, amounting to 39.6%. This level of reduction will be historically the United States has not seen in the last days.
It is expected to hold Trump on Wednesday evening, an expanded meeting in the White House to finalize the plan.
According to the agency "Reuters" the Trump plan does not end at this point, but also include income tax cuts to 10% on corporate profits revenues abroad.
According to the expectations of reports issued by the Budget Committee of Congress, any reduction by 1% of the corporate tax will reduce the US Treasury income from taxes by about $ 100 billion in 10 years, which means that the tax reduction project by 20% who planned Trump will reduce Treasury income by about two trillion dollars in 10 years.
Moreover, this reduction is expected to increase the US debt to nearly 22 trillion dollars, and thus could threaten the credit rating of the United States, according to financial analysts. Especially since the international rating agencies, including "Standard & Poor's" and "Moody's" has already threatened to cut the US rating, when they stumbled to raise the ceiling of US debt to finance the budget deficit under President Barack Obama.
http://www.aljournal.com/eco/myapp-14447/
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