Marita I 2017 Tax Reform for Economic Growth and American Jobs The Biggest Individual And Business Tax Cut In American History Goals For Tax Reform - Grow the economy and create millions ofjobs - Simplify our burdensome tax code 0 Provide tax relief to American families?especially middle-income families 0 Lower the business tax rate from one ofthe highest in the world to one ofthe lowest Individual Reform 0 Tax relief for American?families, especially middle?income families: 0 Reducing the 7 tax brackets to 3 tax brackets of 10%, 25% and 3% Doubling the standard deduction 0 Providing tax relieffor families with child and dependent care expenses 0 Simplificatibn: 0 Eliminate targeted tax breaks that mainly bene?t the wealthiest taxpayers 0 Protect the home ownership and charitable gift tax deductions Repeal the Alternative Minimum Tax 0 Repeal the death tax 0 Repeal the 3.8% Obamacare tax that hits small businesses and investment income Business Reform 0 15% business tax rate 0 Territorial tax system to level the playing field for American companies 0 One-time tax on trillions of dollars held overseas 0 Eliminate tax breaks for special interests Process 0 Throughout the month of May, the Trump Administration will hold listening sessions with stakeholders to receive their input and will continue working with the House and Senate to develop the detailsof a plan that provides massive tax relief, createsjobs, and makes America more competitive?and can pass both chambers.