Trump expects another tax overhaul, says 'probably in October'

U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent. In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: "We're doing a phase two. In December, Trump signed the biggest overhaul of the U.S. tax code in 30 years, slashing the corporate tax rate to 21 percent from 35 percent and giving temporary tax relief to middle-class Americans.

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