Tax slasher Trump | Business| Economy and finance news from a German perspective | DW | 27.04.2017
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Business

Tax slasher Trump

The US government wants to give a boost to the economy and create new jobs by lowering the tax rate for businesses from 35 to 15 percent. Mnuchin expects the cut to bring economic growth of 3 percent. That could compensate for losses in tax revenue. But analysts are doubtful. Past efforts to slash taxes have often resulted in a larger deficit.

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