Highlights of the US tax plan: Would lower corporate tax rate to 20% from 35% - ConsultFX

Highlights of the US tax plan: Would lower corporate tax rate to 20% from 35%

Highlights from draft documents leaking out - Standard deduction doubled - Would create a new family tax credit for $1600 - Brackets at 12%, 25%, 35% and 39.6% Sounds like a 20% corporate tax cut right off the bat, no phase in. That's good news but the biggest question is whether or not this is politically feasible and what Copyright 2015 Forexlive.com