June 29, 2018 / 8:08 PM / 3 months ago

Trump says expects another tax overhaul 'probably in October'

WASHINGTON (Reuters) - U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.

FILE PHOTO: U.S. President Donald Trump delivers remarks to mark six months since the passage of the Tax Cuts and Jobs Act, in the White House East Room in Washington, U.S., June 29, 2018. REUTERS/Jonathan Ernst

In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: “We’re doing a phase two. We’ll be doing it probably in October, maybe a little sooner than that.”

“One of the things we’re thinking about is bringing the 21 percent down to 20, and for the most part the rest of it would go right to the middle class,” he said.

Reporting by Eric Beech; Editing by Mohammad Zargham

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