"We heard this yesterday and so we're not prepared to quantify what the advantage for us will be, but I can tell you it would be very, very positive," Abney said on a conference call with analysts.

“Were very encouraged by what we’re hearing," he added.

President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, including cutting to 15 percent both the income tax rate paid by public corporations and that paid by "pass-through" businesses, including partnerships, S corporations and sole proprietorships.

(Reporting by Luciana Lopez; Editing by Chizu Nomiyama)