What Trump Wants In a New Tax Bill

Punchbowl News has a list of priorities the White House sent to Capitol Hill:

• A lower tax rate for foreign-derived intangible income, when companies export products based on intellectual property held in the United States.
• A 15% tax rate for corporations that make products in the United States, down from the current 21% rate.
• Full deductions immediately when businesses buy short-term assets like equipment and machinery.
• A new tax deduction for interest payments on auto loans.
• Trump’s campaign promises: no tax on tips, overtime pay and Social Security benefits.
• Make the 2017 tax cuts permanent.