Trump's tax plan: We should be so lucky

Even putting that aside, however, administration officials are nearly certainly right when they say the economic forces unleashed will boost tax revenues enough to more or less compensate for the cost of cuts. Initially, Trump proposed capping itemized deductions at $100,000 for single filers and $200,000 for married couples filing jointly. President Trump proposes to repeal the death tax.

Government Shutdown Looms As Trump Marks 100 Days In Office

Government Shutdown Looms As Trump Marks 100 Days In Office

That's about the same as in each of the two previous CNN/ORC polls taken after his inauguration. "What you're talking about is disrupting an institution that doesn't want to change", said Bryan Lanza, a deputy communications director for the Trump-Pence campaign.

Trump proposes major tax cuts, 15 pct corporate rate

Many large corporations are enthusiastic about lower rates and say they support the elimination of loopholes, which both reduce revenue and make taxes more complicated. Asian shares eased from a near two-year high on Thursday (April 27) as a long-awaited U.S. tax cut plan failed to inspire investors, though sentiment remained supported by global growth prospects and receding worries about political risks in Europe.

France Presidential Election 2017: Emmanuel Macron gets heckled by Le Pen supporters

Just days after coming second in the first round of voting for the French Election, Marine Le Pen announced she's temporarily stepping down as the leader of the National Front. Le Pen has also stated that if elected, she would bar dual citizenship with non-European Union countries, distressing many French Jews who also hold Israeli citizenship, and would be forced to renounce it.

Trump will renegotiate NAFTA, following talks with Canada and Mexico

The Mexican government confirmed that it had these conversations with Trump, issuing a statement on Wednesday saying that "the leaders agreed on the convenience of maintaining the North American Free Trade Agreement and working together with Canada to carry out a successful renegotiation for the benefit of all three countries".

Trump's tax gift after 100 days in office

Trump's plan will cut the number of individual income tax brackets from seven to three, with a top rate of 35 percent and lower rates of 25 percent and 10 percent. The Trump team stressed the benefits that might flow to small businesses. Almost 75 percent of pass-through income flows to the 10 percent wealthiest taxpayers, according to the liberal Center on Budget and Policy Priorities.