Trump tax reform to slash small business rate to 15 percent

President Trump's tax reform could reportedly cut rates for small business owners from 39.6 percent to 15, according the Associated Press. The news comes a day after the administration revealed the reform will reduce the top corporate income tax rate from 35 percent to 15. The plan, which is set to be officially revealed on Wednesday, also includes child care benefits. Republicans on Capitol Hill argued the plan could contribute to economic growth, reducing any drop in tax revenue.