Reported 7 months ago
During a private meeting in Washington with CEOs of major American companies, Donald Trump pledged to reduce the corporate tax rate to 20%, aiming to further decrease the tax burden on large US corporations. Trump also discussed making permanent the 2017 tax law, renewing tax cuts for individuals and small businesses, and exempting tipped earnings from federal taxes. In contrast, White House Chief of Staff Jeff Zients detailed President Joe Biden's economic priorities, emphasizing working with the private sector and addressing issues like immigration and trade with China. Zients also highlighted the US commitment to remain a player on the world stage amid possible concerns over previous isolationist policies.
Source: YAHOO