President Trump Releases Tax Reform Proposal
Yesterday, President Trump released an outline for his tax reform proposal. It includes slashing rates for both corporations and individuals, with a proposed 15% corporate rate and reducing the individual brackets to 10%, 25% and 35%. The President’s proposal is currently just an outline, and he plans to hold listening sessions with stakeholders during the month of May.
The NMMA Federal Affairs team has already been engaged on the tax issues that impact the recreational boating industry, and we will evaluate the President’s proposal as it starts to develop. The full press briefing can be found here.