Accomplishing that, however, required petitioning to have the secrecy order lifted as the years passed with his invention living in the shadows. Itâs a common refrain in the stump speeches of politicians that America is a nation of ideas, but Congress decided in 1951 that some of those ideas must nonetheless be kept hidden.
ATR Analysis of Donald Trump Tax Reform Plan. GOP Presidential candidate Donald Trump released details of his tax reform plan today. It features a system with much lower tax rates than current law, and a broadened tax base for high income earners. âTrumpâs plan is certainly consistent with the Taxpayer Protection Pledge,â said Grover Norquist, president of Americans for Tax Reform. âTrump has said he opposes net tax hikes and has made clear that the real problem is spending.
But itâs tricky. A key part of Republican presidential nominee Donald Trumpâs economic program, touted in a speech Monday in Detroit, is to cut the corporate income tax rate. As Trump points out, at 35%âand as much as 39% including state and local taxesâthe U.S. has one of the highest corporate tax rates in the world. Trumpâs plan, which he had previously outlined, would cut that top rate to 15%, while closing some loopholes to make up some of the lost revenue.