While you were sleeping: Trump's tax plan lifts stocks

Wed, 27 Sep 2017

By Margreet Dietz Sept. 28 (BusinessDesk) - Wall Street and the US dollar climbed, while Treasuries dropped, after the Trump administration unveiled its tax reform plan. The plan proposes a 20 percent corporate income tax rate, a new 25 percent tax rate for pass-through businesses including partnerships. and a reduced 35 percent top income tax rate for individual Americans, according to a framework seen by Reuters. In 2.36pm trading in New York, the Dow Jones Industrial Average rose 0.3 percent, while the Nasdaq Composite Index rallie...

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