The following excerpt is from an article that originally appeared on Newsmax Economy
President Donald Trump said on Wednesday he would get into “great detail” in the next two weeks on his U.S. tax reform plan, which has been short on specifics, even after months of discussions among administration and congressional leaders.
Trump, at a speech in North Dakota, listed his broad principles for tax reform as simplifying the U.S. tax code and providing tax relief to middle-class Americans, ideas he has been talking about since his 2016 presidential campaign.
“We’re going to get into great detail over the next two weeks, but we’re working on it with Congress now and coming up with very exacting numbers,” Trump said.
The U.S. stock market rallied earlier this year on hopes of swift tax cuts for businesses under Trump, but analysts have since reduced expectations for major tax changes this year.
The Republican party is still divided on significant issues, such as whether or not taxpost was originally published on this site