Mnuchin: ‘Under the Trump Plan, We Will Have a Massive Tax Cut for Businesses’

EXCERPT:

MNUCHIN: "Under the Trump plan, we will have a massive tax cut for businesses and massive tax reform and simplification. As the President said during the campaign, we will lower the business rate to 15 percent. We will make it a territorial system. We will have a one-time tax on overseas profits which will bring back trillions of dollars that are offshore to be invested here in the United States to purchase capital and to create jobs. The President is determined to unleash economic growth for businesses. This is not just about large corporations. Small and medium-sized businesses will be eligible for the business rate as well."