Trump tax plan helps ultra wealthy, businesses more than middle class, hurts single parents
‘Republicans in Congress will likely enact President-elect Donald Trump’s tax plan within the first 100 days after his inauguration. Trump’s proposal will cut taxes primarily for businesses and the wealthy, but would include across-the-board cuts as well.
Trump’s proposal, which was ever-changing over the course of his presidential campaign, would cut taxes by $6.2 trillion over the next decade, according to a Tax Policy Center (TPC) analysis of the most recent version of his plan. If interest costs are included, then the federal debt would rise by $7.2 trillion over the first ten years and by $20.9 trillion by 2036.’
Read more: Trump tax plan helps ultra wealthy, businesses more than middle class, hurts single parents
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