DONALD TRUMP’S TAX REFORM
US President Donald Trump displays the $1.5 trillion tax overhaul package he signed on December 22 in the Oval Office of the White House. The reform marks Trump’s first major legislative win. It brings the US corporate tax rate down to 21% from the current 35%, while the top individual income tax drops to 37% from 39.6%. According to Republicans, tax cuts for corporations, small businesses and individuals will boost economic growth. Democrats, who voted against the bill, argue it favours only the rich, at the expense of the national deficit. This new tax law is the most sweeping overhaul of the US tax system in three decades.
to display ici, présenter / trillion mille milliards / overhaul refonte, réforme (globale) / package ensemble de mesures / corporate tax impôt sur les sociétés / individual income tax impôt sur les revenus des particuliers / to boost stimuler, dynamiser / bill ici, projet de loi / to favour avantager / at the expense of au détriment de, aux dépens de / sweeping vaste, complet.