As of late Tuesday, the plan did not include Mr. Trump’s promised $1 trillion infrastructure program, two of the people said,
and it jettisoned a House Republican proposal to impose a substantial tax on imports, known as a border adjustment tax, which would have raised billions of dollars to help offset the cost of the cuts.
Trump’s Tax Plan: Low Rate for Corporations, and for Companies Like His -
By JULIE HIRSCHFELD DAVIS, ALAN RAPPEPORT, KATE KELLY and RACHEL ABRAMSAPRIL 25, 2017
President Trump plans to unveil a tax cut blueprint on Wednesday
that would apply a vastly reduced, 15 percent business tax rate not only to corporations but also to companies that now pay taxes through the personal income tax code — from mom-and-pop businesses to his own real estate empire, according to several people briefed on the proposal.
Mr. Brady said Tuesday that he would press ahead with the import tax, not merely
because it would make up for lost revenue but because it would protect American jobs.
