01:45 GMT18 April 2021
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    US President Donald Trump said on Monday the new administration will cut taxes for the American middle class and businesses to 15-20 percent, while also massively slashing existing regulations.

    WASHINGTON (Sputnik) — Earlier in the day, Trump announced in a Twitter message that he will focus on job creation and national security during his first week in office.

    "We are going to be cutting taxes massively for both the middle class and for companies. We are trying to get it down to anywhere from 15 to 20 percent and it is now probably 35 percent, but it is probably more, 38 percent than it is 35," Trump said in a meeting with business executives.

    The US president noted that he also intends to cut business regulations "massively," by 75 percent.

    business, taxes, Donald Trump
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