Trump Pushed to Embrace 17% Income Tax for All.

Economists and advisors close to Donald Trump are urging him to adopt a flat tax rate, soften his trade stance, and maintain the state and local tax deduction. These proposals come from figures such as Steve Forbes, Larry Kudlow, Stephen Moore, and Arthur Laffer, who emphasize lower taxes to stimulate economic growth. They are lobbying for their preferred economic policies in anticipation of a potential second term for Trump. The advisors suggest a flat 17% tax rate with exemptions, but Trump has not yet expressed support for this idea. The article also mentions negotiations over tax policy that will occur next year, as key portions of Trump's 2017 tax cuts are set to expire. Trump's advisors also advocate for further corporate tax cuts and maintaining or reducing the cap on state and local tax deductions. However, there are disagreements between Trump and his advisors on trade policy, particularly regarding tariffs. Despite these differences, Trump values the economic advice provided by this group. [Extracted from the article]