Trump tax plan slashes taxes for ‘some’ businesses and wealthy estates

‘The White House is proposing comprehensive tax reforms which are said to simplify the federal tax code by cutting rates and eliminating deductions.
The plan fell short on how the measures would be paid for with critics saying it will primarily benefit the wealthiest Americans.
“This is going to be the biggest tax cut and largest tax reform in the history of our country, and we are committed to seeing this through,” US Treasury secretary, Steve Mnuchin, said announcing the tax reforms with scant details at the White House on Wednesday.’
Read more: Trump tax plan slashes taxes for ‘some’ businesses and wealthy estates