President Trump promises “historic” tax relief

In his recent first address to a joint session of Congress, the President vowed to reduce corporate taxes. He said that U.S. companies are taxed at one of the highest rates in the world and that his economic team is developing tax reform that will reduce the tax rate on U.S. companies so that they can compete and thrive. The President also promised massive tax relief for the middle class. However, he didn’t offer specific details in the speech on how he planned to accomplish either of these goals.