BREAKING NEWS: White House reveals tax plan

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2017-04-26 17:48:09

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President Donald Trump released a plan to radically remake the tax code Wednesday that would slash the corporate tax rate and boost the standard deduction for individual taxpayers.

The plan would also repeal the Alternative Minimum Tax for individuals and institute a one-time tax on corporate earnings held overseas, Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn said during a briefing at the White House.

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