Following the defeat of the Republican-backed healthcare bill, corporate tax reform has climbed to the top of the Republican agenda. The reform package, commonly referred to as the ‘House Blueprint’, would change several historical bedrocks of the US tax system. During the US presidential election, the Trump campaign put forward its own tax reform plan: a plan devoid of details typical of presidential campaigns. The White House proclaims that the proposals remain the backbone of their tax reform plans, including reducing taxes on business income to 15% for corporations and pass-throughs alike.

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