Trump May Propose Minimum Corporate Tax

“Economic advisers to the White House have suggested President Trump propose a new minimum tax on corporations as part of his election year ‘tax cut 2.0’ package, hoping to address criticism that the 2017 tax law allowed many of the country’s largest firms to virtually eliminate their federal tax burden,” the Washington Post reports.

“The idea, which is part of preliminary discussions and has not been officially endorsed, could attempt to blunt criticism from Democrats that the GOP tax law allowed many large corporations to wipe out their federal corporate taxes altogether. The plan could also help generate revenue that might be used to offset the impact of new, middle class tax cuts. Trump has promised he would roll out a middle class tax plan before the 2020 presidential election.”