---
title: "FOX Business: House Majority Leader: Expect Tax Reform in 2017"
url: https://burnaze.com/article/d764026f-26a6-4678-988c-193f2fd5ef58
source: "1851 Franchise"
original_url: https://1851franchise.com/fox-business-house-majority-leader-expect-tax-reform-in-2017-8281
category: "Regulation"
topics: ["Regulation & legal"]
published: 2016-12-06T18:13:01.000Z
modified: 2026-11-01T04:12:40.056Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/d33dd87c174974da2e6ee6461795d47e9555.jpg
---

# FOX Business: House Majority Leader: Expect Tax Reform in 2017

**TL;DR:** House Majority Leader Kevin McCarthy discusses the Trump administration's plan for tax reform in 2017, focusing on lowering taxes and reducing the corporate tax rate. The plan aims to implement fewer tax brackets and make businesses competitive worldwide.

*originally published in 1851 Franchise on 2016-12-06. [Read the original](https://1851franchise.com/fox-business-house-majority-leader-expect-tax-reform-in-2017-8281).*

## Story

The Trump administration’s plan focuses on lowering taxes, implementing fewer tax brackets and reducing the corporate tax rate.

“We already put a plan out in a better way that is close to what President-elect Donald Trump’s plan is about. We are already having those discussions now,” McCarthy told FOX. “We want to make sure we get it right. That it’s fair. That there is only three rates, that you actually let people keep more of what they earned. You let America’s businesses be competitive and when they are competitive around the world, you let them bring the money back home so they invest back in their businesses.”

## Entities

- 1851 Franchise (publication)
- General (sector)
- regulation (topic)
- Donald Trump (person)
- Fox Business (company)
- Trump Administration (company)
- tax reform (topic)
- corporate tax rate (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/fox-business-house-majority-leader-expect-tax-reform-in-2017-8281). Summarized by Burnaze (https://burnaze.com/article/d764026f-26a6-4678-988c-193f2fd5ef58).