Donald Trump’s 100-word proposal on taxes, which would slash by 57% the rate at which business profits are levied, seems like it would be a boon to business. It would be for some as their tax rate falls to 15% from 35%. But that sharp drop, which would have devastating consequences for some firms, would also increase the federal debt that candidate Trump vowed to reduce.
For some companies the Trump tax plan, vague as it is, would mean the loss of more than half of their tax assets.
