Donald Trump unveils ambitious plan to overhaul US tax system

Donald Trump on Wednesday unveiled an ambitious tax plan, proposing sweeping tax cuts for individuals and corporations in what the president dubbed a “once-in-a-generation” opportunity to overhaul America’s tax code.

Speaking at an event in Indiana, Trump called the current tax system a “relic” while rolling out a proposal that seeks to simplify the tax code and nearly doubles the standard deduction to $12,000 for individuals and $24,000 for families. Read more HERE.