‘Morally repugnant’: Bernie Sanders, top Democrats slam Trump’s tax plan Democrats on Wednesday slammed President Donald Trump’s tax reform plan, calling it “morally repugnant,” suggesting there would be little to no cross aisle support for the initial outline of the plan. President Donald Trump’s plan would reduce the number of personal income tax brackets and overhaul business taxes, lower the corporate tax rate from 35% to 20%, reduce the pass-through tax rate from almost 40% to 25%, and “streamline” business tax breaks. Democratic leaders immediately condemned the bill, casting it as a proposed tax break that would largely benefit the … Continue reading →
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