The Trump Administration released its proposal for a major overhaul of the tax system, along with a massive tax cut.
South Dakota Senator John Thune says cutting taxes could be good for the economy…..

The Trump tax plan would cut corporate taxes from thirty five to fifteen percent, but was short of many other details.
Thune says there are differences of opinion in Congress over how to pay for any tax cut…..

Thune says the process will be in the details, when ever they are released…..

Without similar cuts in government spending, the Trump plan could cause a major increase in the federal budget deficit.