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US President Donald Trump said that he expected a second tax review to be published in October or shortly before, and plans to reduce the tax rate of companies from 21% to 20%.
In an interview for the Fox Business Network that will air on Sunday, Trump said, "We're doing a phase two, let's probably do it in October, maybe a little earlier."
"One of the things we are thinking about is reducing the 21 to 20%, and for the rest, the rest will go to the middle clbad," he said.
In December, Trump signed the biggest reform of the US tax code in 30 years, cutting corporate taxes from 35 percent to 21 percent and granting temporary tax relief to middle-clbad Americans .
The bill was pbaded by the Republican-controlled Congress because of opposition from the Democrats, who viewed the rich as a benefit, which would add $ 1.5 trillion to the national debt of $ 20 trillion. of dollars.
Republicans are eager to revisit the tax issue before the November election clash for Congress's role. But more tax cuts are unlikely to succeed in the Senate, where Democrats and fiscal conservatives could block such a move.
The Non-Partisan Parliamentary Budget Bureau warned this week that more tax cuts would accelerate the growth of a federal debt is already growing rapidly
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