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Trump said to unveil 35% individual tax rate, cut corporate tax to 20%

News is crossing the wires that Trump is expected to propose lowering the top individual tax rate from 39.6% to 35%.

According to reports, the tax rate for the bottom individual tax bracket would be increased from 10% to 12% under the plan. At the same time, however, the standard deduction would be doubled

Trump said he hoped for a corporate tax rate of 15%, a figure he has used before. Congressional officials have said they hope to cut the current rate of 35% to 20%. 

 

AUD/NZD: headed to 1.10 due to NZ politics? - Westpac

Analysts at Westpac offered their outlook for the Antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Potential for further upside towards 1.10
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USD/JPY better bid, target break of 112.50 post Yellen and tax plan possibilities?

USD/JPY has picked up a bid in Tokyo, and just before the open, on the back of  President Trump saying that they will unveil a 35% Individual Tax Rate
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