washington president donald trump congressional republicans fresh fail push repeal obamacare tackle project elude washington 30 years tax reform tax staffers meet house representatives senate august break work legislation expect unveil next month analysts skeptical fractious republicans comprehensive tax reform even though party control chamber say republican may settle handful tax cut key tax issue ahead americans pay top individual tax rate 39.6 percent trump want cut top rate 35 percent house republican leaders propose cut 33 percent proposals simplify tax trump want shrink number tax bracket three seven double standard deduction set level income exempt tax latter move analysts say would sharply reduce number taxpayers claim certain narrow deductions ones mortgage interest charitable donations trump also promise without provide much detail help families child dependent care expense eliminate target tax break benefit wealthy people two proposals would help mainly high-income wealthy taxpayers trump congressional republicans want repeal estate tax alternative minimum tax estate tax republicans call death tax tax assets leave heirs people die pay americans currently apply inheritances exceed 5.49 million per person alternative minimum tax way make sure mostly high-earners many deductions pay tax effort trump congressional republicans repeal former president barack obama affordable care act tax support fail july tax include 3.8-percent surtax investment income 0.9-percent payroll tax support medicare healthcare program elderly remain book americans deduct tax pay state local governments federal tax bill trump house republican leaders want end proposal would hurt state democrats dominate state tend charge high state local tax provide government service result residents take large federal deductions proposal oppose least 20 house republicans reduce chance enactment tax deductions interest pay mortgage donations charities probably safe trump promise protect yet discussion low cap mortgage interest deduction 500,000 million analysts say would generate enough revenue cut corporate tax rate three percentage point move would pit upper-middle class wealthy homeowners multinational corporations lobbyists real estate businesses philanthropies say standard deduction double few taxpayers would able claim mortgage interest charitable give deductions could undermine home-buying donations philanthropies say corporations pay 35 percent profit tax least paper trump want slash 15 percent house republicans want 20 percent lawmakers say 25 percent might achievable consensus rate reach pass-through businesses trump want special low tax rate pass-through businesses private company pass profit owners income tax individual rate u.s. businesses pass-throughs range family-run shop large businesses idea special tax rate raise prospect new wave tax avoidance scheme wage earners funnel income pass-through structure republicans plan 2.6 trillion corporate profit park abroad would repatriate bring unite state tax 3.5 percent 8.75 percent payable eight years rate would way 35 percent tax owe profit payable enter country republicans also want change corporate income tax company long tax foreign profit adopt so-called territorial system replace worldwide system u.s. company tax profit globally u.s. tax code allow corporations defer tax payments foreign profit hold overseas corporations stockpile profit abroad avoid pay 35 percent u.s. corporate rate current law would owe money return u.s. soil house republican border adjustment tax proposal mean discourage import encourage export drop tax cut generally reduce federal revenue raise budget deficit deficit estimate fiscal 2017 hit 693 billion 3.6 percent u.s. gross domestic product gdp 3.1 percent 2016. mind republican deficit hawk could make hard trump push deficit-expanding tax measure republicans want congress nonpartisan professional tax budget analysts make use dynamic score estimate impact tax change budget approach tend assume increase economic stimulus effect tax cut result small project increase deficit factbox many piece tax reform puzzle trump u.s. congress