According to information provided by the WorldWay Immigration Group's customer service center in Los Angeles, on February 9, President Trump revealed during a meeting with CEOs of the aviation industry that he would announce tax cut measures in the next two to three weeks, but he did not disclose further details.
At the press conference that day, White House spokesperson Spicer confirmed that Trump would announce a reform plan to reduce personal and corporate taxes, stating that this would be the largest tax reform policy in the United States since President Reagan's era in 1986.
Spicer stated that Trump recognizes the need to alleviate the tax burden on the American middle class, which necessitates a "fundamental and comprehensive tax reform" in the United States. Trump hopes to introduce a tax plan that keeps jobs in the United States, encourages businesses to enter and develop in the United States, create jobs, and retain profits in the United States.
Spicer mentioned that more details would be announced when the tax cut plan is released in the coming weeks. During his campaign, Trump called for reducing the corporate tax rate from 35% to 15%, promising two measures to stimulate the U.S. economy: tax cuts and infrastructure development.
However, under U.S. law, only Congress has the authority to make significant changes to tax legislation, and tax legislation must be initiated in the House of Representatives. Therefore, although there is currently little disagreement between the two parties regarding tax cuts, the timeline for discussing and passing the tax cut plan is difficult to predict. Nevertheless, the U.S. dollar and U.S. stocks surged on that day due to the favorable news of tax cuts.
As a leading investment immigration agency with 20 years of professional experience, the WorldWay Immigration Group has focused on selected U.S. EB-5 investment immigration projects since 2006 for a full 11 years. Over the past eleven years, the WorldWay Immigration Group has deeply engaged in the field of U.S. investment immigration, professionally focused, and dedicated to serving every investor, helping tens of thousands of families successfully immigrate to the United States. For immigration to the United States or to learn more, please call: 400-138-2929.