You are here: Home » International » News » Economy
Business Standard

Trump step closer to goal of tax cut for rich as Senate okays tax overhaul

US stock markets have rallied for months in hopes Washington would provide significant tax cuts for corporations

Reuters  |  Washington 

The U.S. Senate on Saturday approved a sweeping tax overhaul, moving Republicans and President Donald Trump a major step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes. In what would be the largest U.S. tax overhaul since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy. U.S. stock markets have rallied for months in hopes Washington would provide significant tax cuts for ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, December 02 2017. 13:07 IST
RECOMMENDED FOR YOU