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What we know (and don't) about Trump's tax reform plan

Source: abcnews.go.com - Mar 28, 2017

After President Trump's bid to repeal and replace Obamacare -- a hallmark campaign promise -- flopped in the U.S. House last week, Republicans will look to tax reform in an attempt to deliver the first major legislative accomplishment of the GOP government, which controls both houses of Congress and the presidency.

Trump has long promised a simpler tax code with lower tax rates for corporations and tariffs on companies who move outside the United States. “We’ll probably be going right now for tax reform,” Trump said in the Oval Office after Speaker Paul Ryan pulled the bill from the floor.

Here's what we know and don't know about the potential tax reform efforts:

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Category: General Business