We are sceptical that Trump’s tax proposals will make much headway and that what tax cuts are enacted will add much to US growth.President Trump’s ambitious tax plan, just unveiled, aims to simplify and lower tax rates for households and corporates, with the statutory tax rate for the latter to be reduced to 20% from 35%.We remain sceptical that this plan will see its way through Congress given opposition from Democrats and even some Republicans wary about sharp increases in the deficit. The...
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