renegotiation of the nafta deal for the benefit of all three countries. this of course came after the white house's big announcement yesterday on its proposed tax reform which it calls the biggest tax cut in american history and if it goes through it could make filing taxes a whole lot simpler. are the highlights of the president's proposal, rather than the current seven tax brackets there would be only three, 10, 25, and 35% and doubled the standard deduction for couples to $24,000 but also eliminates all deductions apart from those for mortgage interest and contributions to charity. good news for businesses as well, the corporate tax rate currently the highest in the world would drop from 35% to 15% and several other current taxes will be repealed including the obamacare tax on small business and investment income, the estate tax or just taxes it is called. this plan still needs to pass through congress.