Small firms back Donald Trump’s tax plan

Small business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the US corporate tax from the highest to one of the lowest among developed nations.

Mr Trump included a call for a 15% corporate rate in a Detroit speech where he outlined other tax and economic reforms.

Business groups have long said their members are hurt because US companies pay the most federal income tax — a 35% rate, though the effective rate is often lower — among the 35 countries in the OECD.