What is Trump’s plan to lower the federal deficit?
10 Things you didn’t know about Trump’s tax plan.
Trump plans to pay off the national debt on a tax cut that would also slash the size of the government and raise taxes on the middle class.
In an interview on Fox Business Network, Trump suggested the United States needs to take advantage of a loophole in the United Nations financial system to cut taxes on corporations.
The Republican presidential nominee is considering cutting taxes on businesses in order to make the United State more competitive, a strategy that would cut taxes for the wealthy and help spur job creation.
Republicans say they would like to cut the corporate tax rate to 20 percent.
The House of Representatives passed a bill in May that would eliminate corporate tax rates for corporations and individuals, while lowering the rates for individuals and businesses.
A plan proposed by the White House would eliminate the estate tax, which would apply to estates worth more than $5.45 million.
This is a partial transcript of the FOX Business Network segment, which aired May 10, 2020.