Trump starts over with tax plan: report

Trump starts over with tax plan: report
© Getty Images

President Trump is starting over with his tax plan, The Associated Press reported on Monday, getting rid of the proposal used during his campaign.

White House officials told the news service that the new proposal will likely not come before Treasury Secretary Steven Mnuchin’s August goal.


Trump wants to cut taxes to help rural and industrialized parts of the country where his supporters live, administration officials said. 

So far, Trump has not signed on to a plan put forward by House Ways and Means Committee Chairman Kevin BradyKevin Patrick BradyRepublicans' rendezvous with reality — their plan is to cut Social Security The Social Security 2100 Act is critical for millennials and small business owners House panel releases documents of presidential tax return request before Trump MORE (R-Texas). Brady’s plan would include a border-adjustment tax.

A separate plan currently making the rounds on Capitol Hill would slash corporate tax rates while getting rid of a considerable portion of the payroll tax.