The announcement is not expected to be until later in the day, 5pm NY time I hear
Bloomberg on what to expect:
- President Donald Trump and Republican leaders will announce their long-awaited tax overhaul plan Wednesday
- Propose a top individual rate of 35 percent
- Leave to Congress the decision of whether to create a higher bracket for top earners
- The rate on corporations would be set at 20 percent, down from the current 35 percent rate
- Businesses would be allowed to immediately write off their capital expenditures for at least five years, three people familiar with the plan told Bloomberg News
